China Sanctions CEOs Of Boeing Raytheon Over $1.1BN Taiwan Arms Package China Sanctions CEOs Of Boeing Raytheon Over $1.1BN Taiwan Arms Package China has slapped new sanctions on American defense firm CEOs as retaliation for the US State Department approving a massive $1.1 billion sale of arms and military equipment to Taiwan earlier this month. Chinese foreign ministry spokesperson Mao Ning unveiled that the sanctions target Boeing Defense, Space, and Security CEO Ted Colbert and Raytheon Technologies Corp boss Gregory Hayes. Colbert and Hayes are being sanctioned "in order to protect China’s sovereignty and security interests," and on the basis "their involvement in these arms sales," Mao said in a press briefing. Via Reuters "We once again urge the US government and relevant parties to… stop arms sales to Taiwan and military contact with Taiwan , and stop creating new factors that could lead to tensions in the Taiwan Strait," the spokesperson added. 60 anti-ship missiles and 100 air-to-air missiles that are part of the latest approved US weapons sale have Boeing and Raytheon as the principle manufacturers.