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China announces new sanctions against Lockheed Martin, Raytheon for Taiwan military sales

China is sanctioning Lockheed Martin and Raytheon Technologies over military sales to Taiwan as Beijing remains engaged in a territorial dispute with the island.

China has announced fresh sanctions Thursday against Lockheed Martin Corp. and Raytheon Technologies Corp. over sales of military equipment to Taiwan, adding both of the defense contractors to its "unreliable entities list." 

The move now prohibits Lockheed Martin Corp. and the Raytheon Missile and Defense Corporation – a subsidiary of Raytheon -- from "engaging in import and export activities related to China," Reuters reports, citing a statement from China’s commerce ministry. 

It’s the fourth time China has sanctioned both companies since 2019, but in the previous three instances Beijing did not provide details on the nature of the measures or how they were enforced, according to Reuters. 

The United States is Taiwan's main supplier of military equipment. 

US CUTTING TIES WITH CHINA ‘EASIER SAID THAN DONE,’ EXPERTS WARN 

Raytheon Missiles and Defense was awarded a $412 million contract in September to upgrade Taiwanese military radar as part of a $1.1 billion package of U.S. arms sales to the island, according to The Associated Press. 

Lockheed Martin has supplied Taiwan's military with radar, helicopters and air traffic control equipment. It plays a role in the island's development of its own fighter jet and navy frigates. 

DEFENSE COMPANIES SECURE RECORD ORDERS 

In China, Lockheed Martin has sold air traffic control equipment for civilian airports and helicopters for commercial use. 

Taiwan and China split in 1949 after a civil war. The island of 22 million people never has been part of the People's Republic of China, but the Communist Party says it is obliged to unite with the mainland, by force if necessary. 

CLICK HERE TO READ MORE ON FOX BUSINESS

President Xi Jinping's government has stepped up efforts to intimidate Taiwan by flying fighter jets and bombers near the island and firing missiles into the sea. 

Beijing announced plans for the "unreliable entity" list in 2019 in response to U.S. restrictions imposed on Huawei Technologies Ltd., a Chinese maker of telecom equipment. 

The Associated Press contributed to this report. 

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