China is sanctioning the American Defense Company Lockheed Martin in relation to the United States’ (US) approval of the repair and recertification of Taiwan’s MIM-104 Patriot (PAC-3) Surface to Air Missile (SAM) System.
Although not mentioned in the article, the sanction could also be a retaliation to the US’ recent sanctions against China over the issue of Hong Kong.
Lockheed is the Main Contractor of PAC-3 Missile upgrade of the Patriot SAM System. China did not mention what Sanctions specifically will be imposed, but it may include the cutting off of Rare Earth Materials (REM) to the Company.
REMs are required in Components used by Weapons and Weapons Platforms, and China is the World's largest REM Exporter while the US imports around 80% of it is REMs from China.
SOURCES:
* China may cut Rare Earth Material supply to Lockheed Martin in Sanctions move
* China vows retaliation against US over Hong Kong Sanctions
Check out my Links: https://linktr.ee/rhk111
Although not mentioned in the article, the sanction could also be a retaliation to the US’ recent sanctions against China over the issue of Hong Kong.
Lockheed is the Main Contractor of PAC-3 Missile upgrade of the Patriot SAM System. China did not mention what Sanctions specifically will be imposed, but it may include the cutting off of Rare Earth Materials (REM) to the Company.
REMs are required in Components used by Weapons and Weapons Platforms, and China is the World's largest REM Exporter while the US imports around 80% of it is REMs from China.
SOURCES:
* China may cut Rare Earth Material supply to Lockheed Martin in Sanctions move
* China vows retaliation against US over Hong Kong Sanctions
Check out my Links: https://linktr.ee/rhk111
No comments:
Post a Comment