Boeing, Virgin Galactic settle lawsuit over work on Virgin 'mothership'
By Blake Brittain and Mike Scarcella
Oct 3 -Boeing BA.N and Virgin Galactic SPCE.N have settled a lawsuit stemming from Boeing's work on Virgin 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.
Virgin 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.
Virgin Galactic's mothership jet carrier delivers sightseeing vessels into suborbital space. The company completed its first commercial flight last year.
Virgin 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 sued Virgin in March, accusing it of stealing trade secrets and refusing to pay $25 million owed for Boeing's work. The lawsuit said Virgin took proprietary information from Boeing including test data and math equations.
Virgin countersued in California in April, claiming Boeing performed "shoddy and incomplete work" on the aircraft. Virgin said it was entitled to monetary damages of at least "the difference between the $45.6 million paid by Virgin Galactic to Boeing and the substantially lower actual value of Boeing's performance."
Virgin dismissed the California lawsuit 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. Virgin Galactic LLC, U.S. District Court for the Eastern District of Virginia, No. 1:24-cv-00456.
For Boeing: Stephen Cowen, Brian Rabbitt and Megan Lacy Owen of Jones Day
For Virgin Galactic: Brett Williamson of O'Melveny & Myers
Read more:
Boeing lawsuit accuses Virgin Galactic of stealing trade secrets
Virgin Galactic countersues Boeing for 'shoddy' work on new ‘mothership’
Virgin Galactic, Boeing legal battle over spacecraft moves to Virginia
Reporting by Blake Brittain and Mike Scarcella in Washington
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
