Boeing Loses Major Lawsuit, Ordered to Pay $90 Million for Stealing Trade Secrets from Aerospace Startup
SEATTLE — In a landmark case highlighting the competitive tensions in the aerospace sector, a Seattle-based federal jury has ruled that Boeing misappropriated trade secrets from Zunum Aero, Inc., a once-promising Redmond-based startup focused on developing hybrid-electric aircraft. The verdict, delivered earlier this week, could lead to a staggering $250 million in damages against the aerospace giant if the presiding judge decides to triple the awarded sum due to the malicious nature of the act. Zunum Aero, founded by MIT graduates, brought forth claims in 2020 alleging that Boeing feigned interest in investing in their … Read more