China sanctions Raytheon, Boeing Defense CEOs over Taiwan

[Omaha Steve]

Source: AP

BEIJING (AP) — China announced sanctions on Friday against the CEOs of American defense contractors Raytheon and Boeing Defense over a major U.S. arms sale to rival Taiwan.

Foreign Ministry spokesperson Mao Ning did not specify what the sanctions would be against Gregory Hayes, chairman and CEO of Raytheon Technologies Corp., and Ted Colbert, president and CEO of Boeing Defense, Space and Security.

It wasn’t immediately clear what impact they would have on the executives or their companies, but such sanctions are often mainly symbolic in nature.

The U.S. announced a $1.09 billion arms sale to Taiwan last week, including $355 million for Boeing’s Harpoon missiles and $85 million for Raytheon’s Sidewinder missiles.



Military personnel stand next to U.S. Harpoon A-84, anti-ship missiles and AIM-120 and AIM-9 air-to-air missiles prepared for a weapon loading drills in front of a U.S. F-16V fighter jet at the Hualien Airbase in Taiwan's southeastern Hualien county, Wednesday, Aug. 17, 2022. China announced sanctions on Friday, Sept. 16, 2022, against the CEOs of American defense contractors Raytheon and Boeing Defense over a major U.S. arms sale to rival Taiwan. (AP Photo/Johnson Lai, File)


Read more: https://apnews.com/article/taiwan-china-beijing-gregory-hayes-7281a653c1b4122e4905b3c41b288093

[GB_RN]

1. I'm Sure That Has These Guys Quaking In Their Boots...

I mean, this has zero practical impact on them personally.

[Farmer-Rick]

2. Boeing uses lots of parts from China.

"Boeing also works with AVIC’s Shenyang Commercial Aircraft Corporation (SACC) to supply parts for the entire 777 family. The manufacturer's horizontal stabilizers on the 777s are made in China. According to the Global Times, over 10,000 Boeing aircraft have parts made in China."

But I couldn't find anything on line about Raytheon using parts from China. They either do a good job of hiding their Chinese parts purchases or they really don't use parts from China.

I guess Boeing is scrambling for a new supplier right now.

They both use rare earth minerals from China so that's going to impact them too.

[paleotn]

3. We can mine rare earth minerals in the US....

if people are willing to pay more for iPhone's, laptops, monitors, refrigerators, cars and everything thing else that uses modern electronics. To be honest, I'm more than willing to pay a bit more in the name of national security and less global environmental degradation.

This is mainly kabuki theater since in reality the Chinese prefer money to politics. Plus, they were careful to "sanction" Boeing Defense, Space and Security, not Boeing commercial. RTX has some commercial work, but they're primarily a defense company.

[Igel]

4. And respect A1. n/t