Boeing Engineer Pleads Guilty in Lockheed Trade Secrets Case

From CBS 2 in Los Angeles, a story about a former Boeing Co. engineer, Kenneth Branch, who was accused of stealing trade secrets from Lockheed Martin.

Branch was sentenced to six months of home detention and a $6,000 fine.

He left Lockheed for Boeing in 1997, allegedly bringing with him information about a satellite launching project. It was alleged that he was offered the job at Boeing because he offered to turn over Lockheed's entire presentation about the project. Boeing's bids ultimately won it 19 of 28 contracts awarded on the project in 1998.

In June, Boeing agreed to pay $615 million to settle civil claims relating to the project.