China to sanction main U.S. contractor Lockheed Martin for package worth $620 mln

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#Beijing said it will put sanctions on a U.S. company for involvement in #Washington’s latest arms sale to #Taiwan. Lockheed Martin is the main contractor for an upgrade package for Taiwan’s Patriot surface-to-air missiles. The package is worth over 600 million U.S. dollars and was approved by Washington last week. The Taiwan Affairs Office of the State Council said Tuesday that Taiwan’s Democratic Progressive Party will not succeed in its attempt to separate one China using the arms plan.

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