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Trump Trade War Backfires Again, China Sanctions Lockheed, Boeing, and Raytheon

China Sanctions Lockheed Martin, Boeing, and Raytheon

Business Insider reports Industrial stocks tank after China sanctions Lockheed Martin, Boeing, and Raytheon over Taiwan sales.

Industrial stocks dragged major indexes lower on Monday after China announced it will sanction US defense firms over planned weapons sales to Taiwan.

The announcement drove a sharp sell-off of the involved companies’ stocks that broadly pulled industrials into a hefty intraday loss. The corresponding S&P 500 sector sat 2.9% lower as of 12:50 p.m. ET, trailing only energy stocks in what’s poised to be the worst day for stocks in a month. Within the industrials sector, aerospace and defense stocks fell more than 3%.

Boeing fell as much as 4.4%. Raytheon and Lockheed Martin fell 4.3% and 3.2% at their respective intraday lows.

China Accuses Trump of Trade Deal Violation

Please consider Foreign Ministry Spokesperson Zhao Lijian’s Regular Press Conference on October 26,

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Soon, Boeing and Lockheed Could Be the Only Space Companies Without Reusable Rockets

You know how they say that “imitation is the sincerest form of flattery”? Well, Elon Musk must be feeling very flattered today.



a group of people on a beach: Soon, Boeing and Lockheed Could Be the Only Space Companies Without Reusable Rockets


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Soon, Boeing and Lockheed Could Be the Only Space Companies Without Reusable Rockets

For 54 years, the Soviet Union and then Russia have been flying variants of their “Soyuz” rocket to send astronauts, satellites, and cargo to space. Last week, though, Russian Space Agency Roscosmos announced that it will design and build a new space rocket — a new reusable space rocket — dubbed the “Amur” to carry Russia’s space program through the rest of the 21st Century. 

Reading through the details of the new methane-oxygen-powered rocket, described in a combination press release-interview story by Russian state news agency TASS, it’s impossible to miss the similarities to Elon Musk’s fleet of Falcon 9 rockets at SpaceX — or the dissimilarities to anything

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