SCHD - China Sanctions Lockheed Martin Subsidiaries Executives Over Taiwan Arms Sales: Report | Benzinga

China has reportedly imposed sanctions on several subsidiaries and senior executives of Lockheed Martin Corp. (NYSE:LMT) in response to U.S. arms sales to Taiwan.

The sanctions include freezing the assets of Lockheed Martin’s senior executives, including Chairman James Donald Taiclet, and banning their entry into China, reported Reuters.

China’s foreign ministry announced that the sanctions target Lockheed Martin Missile System Integration Lab, Lockheed Martin Advanced Technology Laboratories, and Lockheed Martin Ventures, per the report.

Beijing has repeatedly urged the U.S. to cease its arms sales to Taiwan, a self-governed island that China claims as its own.

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