Boeing Co. and its partners in a fledgling satellite-launch business have been sued for $500 million by a rival. Commercial Space Management Co. claims in its suit that it had exclusive contracts with rocket makers RSC-Energia of Russia and NPO-Yuzhnoye of Ukraine to sell their rockets before they allied with Boeing. Seattle-based Boeing is the lead partner in Sea Launch Co., a company formed to launch satellites from a converted oil drilling rig that will be towed to the South Pacific. Sea Launch is based in Long Beach. Commercial Space Management is seeking $500 million in damages plus unspecified punitive damages from the partners for breach of contract, fraud and deceit. The Denver company filed its suit in Los Angeles County Superior Court.
Times Staff and Wire Reports
Copyright © 2019, Los Angeles Times