07:31 AM EDT, 06/21/2024 (MT Newswires) -- Lockheed Martin ( LMT ) subsidiaries and senior executives were sanctioned by China over arms sales made to Taiwan, according to media reports, which cited a Friday statement from China's foreign ministry.

China will freeze immovable, movable, and other kinds of property belonging to Lockheed Martin ( LMT ) executives, including Chairman James Donald Taiclet, and will bar them from entering the country, reports said, citing the statement.

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