Several of the largest defense contractors in the U.S. have extensive ties to the government of China and the Communist Chinese Party.
Raytheon, Bell Flight, and Boeing — three of the nation’s most prolific defense contractors — continue to maintain close relationships with firms that conduct business with the Chinese government. Fox News reported that Lockheed Martin has business interests in China.
Issac Stone Fish, the CEO and founder of Strategy Risks, a China risk consultancy company, warned that these defense contractors’ relationships with the Chinese government present severe risks for the U.S.
Fish said, “Doing a relatively significant amount of business in China changes the risk profile now more than ever for any U.S. company, whether for compliance, cyber, reputation, security or other risks.”
“Those risks are particularly critical for companies that safeguard U.S. national defense and security,” he continued. “U.S. defense contractors need to better understand their risk exposure to China and the Chinese Communist Party, so they can reduce their China risks to better serve the needs of the U.S. military and national security.” – READ MORE