China Blacklists Two US Defense Contractors That Are Already Barred In China

In an effort to make it look like its doing something, China announced Thursday that it had banned Lockheed Martin (NYSE: LMT) and a subsidiary of Raytheon Technologies (NYSE: RTX) due to their military sales to Taiwan. Adding the corporations to its “unreliable entities list” prevents them from engaging in China-related export and import activity. Lockheed … Continue reading China Blacklists Two US Defense Contractors That Are Already Barred In China