Raytheon, Lockheed executives banned from China
Reuters
Published Apr 18, 2023 09:54AM ET
BEIJING (Reuters) - China has banned senior executives of Raytheon (NYSE:RTN) Missiles & Defense and Lockheed Martin Corp (NYSE:LMT) from entering, working, staying and residing in the country since Feb. 16, the Ministry of Commerce said on Tuesday.
Raytheon and Lockheed Martin have been involved in arms sales to Taiwan for a long time, the ministry said.
China banned the two U.S. firms from carrying out import and export activities with Chinese enterprises in a bid to prevent Chinese products from being used in their military businesses.
Raytheon Missiles & Defense is a unit of Raytheon Technologies (NYSE:RTX) Corp.
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Written By: Reuters
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