Raytheon, Lockheed executives banned from China

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Raytheon and Lockheed Martin have been involved in arms sales to Taiwan for a long time, the ministry said.

China banned the two U.S. firms from carrying out import and export activities with Chinese enterprises in a bid to prevent Chinese products from being used in their military businesses.

Raytheon Missiles & Defense is a unit of Raytheon Technologies (NYSE:RTX) Corp.