China’s Ministry of Commerce announced sanctions against Boeing and two other defense companies Monday for arms sales to Taiwan, on the day of Taiwan’s presidential inauguration.
FILE – The logo for Boeing appears on a screen above a trading post on the floor of the New York Stock Exchange, July 13, 2021. China’s Ministry of Commerce announced sanctions against Boeing and two other defense companies Monday, May 20, 2024, for arms sales to Taiwan, on the day of Taiwan’s presidential inauguration.
Lai Ching-te, Taiwan’s new president, has vowed to strengthen Taiwan’s security through imports of advanced fighters and other technology and strengthening its domestic defense industry. Corporate filings show General Dynamics operates a half-dozen Gulfstream and jet aviation services operations in China, which remains heavily reliant on foreign aerospace technology even as it attempts to build its own presence in the field.
General Atomics produces the Predator and Reaper drones used by the U.S. military., though it is unclear what weapons if any the company sells to Taiwan.In 2022, China announced sanctions against Ted Colbert, the president and CEO of Boeing Defense, Space and Security. after the company won a $355 million contract to supply Harpoon missiles to Taiwan.
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