Kollsman Agrees To $17 Million Settlement with IS&S

AINalerts » September 9, 2008
September 9, 2008, 11:25 AM

Elbit Systems U.S. subsidiary Kollsman of Merrimack, N.H., has agreed to pay Innovative Solutions & Support $17 million in damages to settle a lawsuit over stolen air-data computer technology. IS&S filed the lawsuit last year against Kollsman and other parties, including J2 Aviation and Zachary Technologies, accusing the defendants of “misappropriating” IS&S’s air-data technology. According to the suit, Joseph Caesar, a former IS&S vice president who cofounded J2 Aviation, and James Zachary, a former IS&S sales representative and principal of J2 and Zachary Technologies, “breached contractual and other obligations owed to Innovative Solutions & Support” by supplying the air-data computer technology to Kollsman. A jury late last year awarded IS&S damages of $4.4 million in lost profits and $1.6 million to compensate for the defendants’ net profits. Kollsman did not admit to any wrongdoing in the settlement with IS&S, with both sides saying the companies are free to “explore opportunities for future business collaboration.”

FILED UNDER: 
Share this...

Please Register

In order to leave comments you will now need to be a registered user. This change in policy is to protect our site from an increased number of spam comments. Additionally, in the near future you will be able to better manage your AIN subscriptions via this registration system. If you already have an account, click here to log in. Otherwise, click here to register.

 
X