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UDN: China Sanctioned Lockheed Martin Again

United Daily News (UDN), one of the primary Taiwanese news groups, recently reported that, after the United States sold a batch of F-16 fighter jet components to Taiwan, the Chinese Ministry of Foreign Affairs announced that it would take countermeasures against three senior executives of Lockheed Martin and three of its units. China has previously countered arms sales to Taiwan and has repeatedly sanctioned the U.S. arms dealer and its affiliated organizations. The Ministry stated that the United States has recently announced the sale of arms to Taiwan again, seriously interferes in China’s internal affairs, and seriously damages China’s sovereignty and territorial integrity. In accordance with the relevant provisions of China’s “Anti-Foreign Sanctions Law”, it was decided to impose sanctions on Lockheed Martin Missile System Integration Lab, Lockheed Martin Advanced Technology Laboratories, and Lockheed Martin Ventures. Also sanctioned were Lockheed Martin Chairman and CEO, COO as well as CFO. The U.S. Defense Security Cooperation Agency recently announced arms sales to Taiwan, with a total price of US$300 million, including standard spare and repair parts for F-16 fighter jets and related equipment. The F-16 is one of Lockheed Martin’s best-selling products.

Source: UDN, June 21, 2024