LMT Jul 2024 470.000 call
- Associated Press Finance
China sanctions several Lockheed Martin units, three executives over arms deals with Taiwan
China said Friday it has banned a number of business units of American aviation manufacturer Lockheed Martin Corp. and three of its executives over arms deals the company has signed with Taiwan, the self-ruling island it claims as its own territory. The statement from China’s Foreign Ministry said the company’s cooperation with Taiwan had violated the country’s sovereignty, standard terminology in its discussions of any outside dealings that support the island's government. The effects of the sanctions appeared largely symbolic since military cooperation between the U.S. and China has been suspended since the People’s Liberation Army’s crackdown on student-led pro-democracy protests in Beijing and other cities in 1989.
- Zacks
General Dynamics (GD) Wins $203M Contract for DDG 51 Combat Ships
General Dynamics (GD) is all set to provide planning yard services for DDG 51 guided-missile destroyer ships.
- Reuters
China sanctions Lockheed Martin over Taiwan arms sales
China has imposed sanctions against some Lockheed Martin Corp subsidiaries and senior executives over U.S. arms sales to Taiwan, China's foreign ministry said in a statement. China will freeze movable, immovable and other kinds of property of Lockheed Martin's senior executives including its chairman James Donald Taiclet, and will bar them from entering the country, the statement on Friday said.
