China Sanctions Lockheed Martin Over $620 Million Taiwan Missile Deal

July 14, 2020

TIME

China said it would impose sanctions on Lockheed Martin in response to U.S. approval of a possible deal for Taiwan to buy parts to refurbish defensive missiles built by the company.

Foreign Ministry spokesman Zhao Lijian made the announcement at a briefing in Beijing on Tuesday, adding that the U.S. should cut military ties with Taiwan “so that it doesn’t do further harm to bilateral relations and damage peace and stability in the Taiwan Strait.”

“China firmly opposes U.S. arms sales to Taiwan,” Zhao said, adding: “China decides to take measures to protect national interests. We will impose sanctions on the main contractor of this arms sale Lockheed Martin.”

The State Department last week approved a possible $620 million foreign military deal for the island to buy parts to refurbish previously sold Patriot Advanced Capability-3 (PAC-3) missiles so that they can last 30 years.

Click here to read the full article.