Asia Tech Wire (June 21) -- China's Foreign Ministry announced on Friday that it has taken countermeasures against Lockheed Martin and its key executives for supplying weapons to Taiwan.

According to the statement, China has decided to freeze the movable, immovable and other kinds of property in the country of six entities related to Lockheed Martin.

The entities include three companies, Lockheed Martin Missile System Integration Lab (MSIL), Lockheed Martin Advanced Technology Laboratories (ATL) and Lockheed Martin Ventures, as well as three Lockheed Martin executives, CEO Jim Taiclet, COO Frank St. John and CFO Jesus "Jay" Malave.

In addition, it will prohibit organizations and individuals in China from engaging in relevant transactions, cooperation and other activities with the three executives.

Meanwhile, China has decided not to issue visas to the three executives and not to allow them to enter mainland China, Hong Kong and Macau.

The U.S. Department of Defense announced Tuesday the latest arms sales to Taiwan, including two unmanned aerial systems, Switchblade 300 and ALTIUS 600M-V, with a total value of about $360.2 million.

This is the 15th arms sale to Taiwan during the presidency of Joe Biden, and the second since the announcement of the $300 million sale of F-16 fighter jet spare parts earlier this month.

China's foreign ministry said in the statement that the U.S. move "seriously violates the one-China principle and the three China-U.S. joint communiques, seriously interferes in China's internal affairs, and seriously jeopardizes China's sovereignty and territorial integrity."