US Reps Want Defense Companies to Rip Off the Government
JacobinMAY 12 2024
On Wednesday, China's foreign ministry announced sanctions on nine US military-linked companies over arms sales to Taiwan. Beijing considers the self-ruled island its breakaway province.
The affected military contractors for the Pentagon are Sierra Nevada Corporation, Stick Rudder Enterprises LLC, Cubic Corporation, S3 AeroDefense, TCOM, TextOre, Planate Management Group, ACT1 Federal, and Exovera.
The ministry said that their properties in China, both movable and immovable, would be seized with immediate effect. Additionally, Chinese people and entities have been prohibited from transacting with the firms.