China’s Ministry of Commerce said it banned senior executives at defense contractors Raytheon Missiles & Defense (RTX) and Lockheed Martin (LMT) from entering, working, staying, and residing in China since February 16, Reuters reports. The country banned the two U.S. companies from carrying out import and export activities with Chinese firms in an effort to prevent Chinese products from being used in their military businesses, the report notes. Reference Link
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on RTX:
- Raytheon Technologies upgraded to Outperform from Peer Perform at Wolfe Research
- Raytheon, SpiderOak collaborate to secure satellite communications
- Raytheon Technologies, Boeing awarded shared $400M Air Force contract
- Raytheon Technologies awarded $1.2B contract from U.S. Army
- Raytheon Technologies awarded $113.63M Navy contract modification