Newsflash
- Mr. Jayadeva Ranade at Globesec Conference, Prague
- Mr. Jayadeva Ranade at Globesec Conference, Prague
- Mr. Jayadeva Ranade at Globesec Conference, Prague
News Details
CHINA-US: CHINA SANCTIONS LOCKHEED MARTIN FOR U.S. STATE DEPARTMENT DEAL TO UPGRADE TAIWAN'S PATRIOT MISSILES
China's ministry of Foreign Affairs (MoFA) announced (July 15) that it would sanction US aerospace and defense company Lockheed Martin, the principal contractor in a US$ 620 million arms deal to Taiwan. MoFA did not say what specifically the sanctions would entail.
(Comment: The sanctions are in retaliation to the US State Department approving a deal the previous week, which would allow Taiwan to upgrade its American-supplied Patriot missiles.)