Post #150521

China sanctions Lockheed Martin, Raytheon over Taiwan arms sales China's commerce ministry on Thursday put Lockheed Martin Corp (LMT.N) and Raytheon Technologies Corp (RTX.N) onto an "unreliable entities list" over arms sales to Taiwan, its latest sanctions against the two U.S. defense contractors. The measures come amid heightened tensions after the U.S. military shot down what it says was a Chinese spy balloon, and a day after Beijing warned of "countermeasures against relevant U.S. entities that undermine China's sovereignty and security". Lockheed Martin and Raytheon Missile and Defense Corporation, a subsidiary of Raytheon Technologies, are prohibited from "engaging in import and export activities related to China", the commerce ministry said in a statement. read more