Wednesday, May 27, 2009, 5/27/2009 02:16:00 PM

Lockheed Martin Wins $37.28 Million Trade Secrets Verdict Against L-3

By Todd

After a three week trial, Lockheed Martin convinced a federal court jury in Atlanta that it suffered losses due to trade secrets theft by L-3 Communications. We blogged about this trade secrets trial here:

“Lockheed Martin is pleased with the jury’s decision,” Joe Stout, a company spokesman, said yesterday in an e-mailed statement. “Throughout our industry, companies make tremendous investments in the design and development of highly complex systems. We are pleased that the right to defend that investment has been recognized.”

Lockheed, based in Bethesda, Maryland, sued L-3 in 2005 over claims it was using proprietary Lockheed data for a contract to modify and upgrade the Korean aircraft.


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