Boeing Fined $72 Million for Stealing Trade Secrets

Image: Boeing Corporation building.  (Photo Credit: IanDewarPhotography / Adobe Stock)
Image: Boeing Corporation building. (Photo Credit: IanDewarPhotography / Adobe Stock)
Rich Thomaselli
by Rich Thomaselli
Last updated: 8:10 AM ET, Sat June 1, 2024

As if Boeing didn’t have enough problems, the airplane manufacturer was found guilty of stealing trade secrets from another company and faced a $72 million fine.

The case involved hybrid-electric planes made by Zunum Aero.

The lawsuit was heard in federal court in Seattle, with jurors agreeing with Zunum that Boeing not only stole technology from the company, but drove the startup out of business.

"Boeing respectfully disagrees with the jury's verdict, which is not supported by the law or the facts," the company said in a statement. The company plans to appeal.

Earlier this month, a judge ruled for Boeing in that Zunum failed to repay the manufacturing giant about $9 million in loans. The smaller company alleged that Boeing passed along the trade secrets to its own development company in Safran S.A., which Boeing denied.

"Far from the dramatic tale Zunum spins in its complaint, Zunum's story is a simple one: an ambitious startup's reach exceeded its grasp, and investors fled," Boeing said in a court filing.

Boeing is facing its own issues stemming from the January 5 incident in which a door panel blew off an Alaska Airlines plane. Boeing has also lost more than $30 billion in the last five years.


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Rich Thomaselli

Rich Thomaselli

Associate Writer

Editor Associate Writer true 9281 14744 Rich Thomaselli has written for TravelPulse since 2014 and has been a professional journalist for nearly 40 years. His work has appeared in USA Today, the New York Times and New York Yankees publications. He is an 11-time writ

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