China Sanctions Lockheed Martin And Northrop Grumman Concerning Arms Sales To Taiwan: Report
Portfolio Pulse from Shivani Kumaresan
China is reportedly planning to impose sanctions on US aerospace and defense firms Lockheed Martin Corp and Northrop Grumman Corp, alleging that they provided weapons to Taiwan. The sanctions will be executed under China's Anti-Foreign Sanctions Law. This comes after US President Joe Biden approved $80 million in funds to Taiwan last month.
September 15, 2023 | 12:04 pm
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Lockheed Martin Corp may face sanctions from China due to alleged arms sales to Taiwan.
The sanctions from China could potentially impact Lockheed Martin's business operations and financial performance, leading to a negative impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Northrop Grumman Corp may face sanctions from China due to alleged arms sales to Taiwan.
The sanctions from China could potentially impact Northrop Grumman's business operations and financial performance, leading to a negative impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100