China is going after US defense firms and execs over weapons sales to Taiwan — and Palmer Luckey's on the list [Business Insider]
Northrop Grumman Corporation (NOC)
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Source: Business Insider
This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in China hit a number of US defense firms and executives with sanctions on Friday. China's foreign ministry said the move came in response to US arms sales to Taiwan. The sanctions list includes Boeing's St. Louis branch, as well as Anduril founder Palmer Luckey. China announced sanctions against 20 US defense companies and 10 senior executives on Friday, citing US arms sales to Taiwan as its motive. In a statement, China's foreign ministry said their assets within China, including movable and immovable properties, would be frozen and that domestic organizations and individuals would be prohibited from doing business with them. Individuals named on the list would also be denied visas and entry to the country, the ministry added. The sanctions list includes Northrop Grumman Systems Corporation, Boeing's St. Louis branch, Epirus , and Anduri
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- China sanctions 20 U.S. defense companies and 10 executives over massive arms sales to Taiwan [Los Angeles Times (CA)]Los Angeles Times
- China hits 20 U.S. firms with sanctions over Taiwan arms sales [Seeking Alpha]Seeking Alpha
- China sanctions 20 US defense companies and 10 executives over massive arms sales to Taiwan [Yahoo! Finance Canada]Yahoo! Finance Canada
- Northrop Grumman (NYSE:NOC) had its "buy (b)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- RTX Clinches a $1.7B Deal to Provide Four Patriot Missiles to Spain [Yahoo! Finance]Yahoo! Finance
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