The Chinese regime said on Sept. 16 that it is sanctioning top executives of two U.S. arms firms in retaliation for recently selling arms to Taiwan.
The sanctions were imposed on Gregory J. Hayes, CEO of Raytheon Technologies Corporation, and Theodore Colbert, CEO of Boeing Defense, Space and Security, for the involvement of their companies in the deal, Chinese Foreign Ministry spokesperson Mao Ning said at a regular briefing on Friday.
The move came after the State Department on Sept. 2 approved a potential $1.1 billion sale of military equipment to Taiwan. The package includes 60 anti-ship missiles and 100 air-to-air missiles, of which the principal contractors are Boeing Defense, a division of Boeing, and Raytheon, respectively….