Diamond Member Pelican Press 0 Posted October 4, 2024 Diamond Member Share Posted October 4, 2024 This is the hidden content, please Sign In or Sign Up Boeing, ******* Galactic settle lawsuit over work on ******* ‘mothership’ Richard Branson, founder of ******* Group Ltd., speaks during an interview following ******* Galactic Holdings Inc.’s initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Oct. 28, 2019. Michael Nagle | Bloomberg | Getty Images Boeing and ******* Galactic have settled a lawsuit stemming from Boeing’s work on ******* Galactic’s space tourism “mothership,” according to a Thursday filing in Virginia federal court. A docket entry in the U.S. District Court for the Eastern District of Virginia said the case had been resolved after a settlement conference held earlier that day. ******* Galactic attorney Brett Williamson and Boeing said in emails that the lawsuit was “satisfactorily resolved by mutual agreement of the parties.” The companies did not provide more information about the settlement. ******* Galactic’s mothership jet carrier delivers sightseeing vessels into suborbital space. The company completed its first commercial flight last year. ******* signed a contract with Boeing’s Aurora Flight Sciences in 2022 to help design a new mothership. Boeing later said that the mothership would cost more and take longer to develop than expected. Boeing This is the hidden content, please Sign In or Sign Up , accusing it of stealing trade secrets and refusing to pay $25 million owed for Boeing’s work. The lawsuit said ******* took proprietary information from Boeing including test data and math equations. ******* This is the hidden content, please Sign In or Sign Up in April, claiming Boeing performed “shoddy and incomplete work” on the aircraft. ******* said it was entitled to monetary damages of at least “the difference between the $45.6 million paid by ******* Galactic to Boeing and the substantially lower actual value of Boeing’s performance.” ******* This is the hidden content, please Sign In or Sign Up in June and said it would pursue its claims in the Virginia case. A jury trial was set to start in December in the Virginia case. The case is The Boeing Company and Aurora Flight Sciences Corp v. ******* Galactic LLC, U.S. District Court for the Eastern District of Virginia, No. 1:24-cv-00456. This is the hidden content, please Sign In or Sign Up #Boeing #******* #Galactic #settle #lawsuit #work #******* #mothership This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up Link to comment https://hopzone.eu/forums/topic/141662-boeing-virgin-galactic-settle-lawsuit-over-work-on-virgin-%E2%80%98mothership%E2%80%99/ Share on other sites More sharing options...
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