Former Boeing executive charged in plot to steal rival's secrets

[Barrett808]

A former Boeing Company manager became the third to be charged with conspiring to steal Lockheed Martin trade secrets involving a multibillion-dollar US Air Force rocket program, authorities said Tuesday.

Larry Satchell, 65, faces federal charges of conspiracy, obstruction of justice, theft of trade secrets, and violating the federal Procurement Integrity Act, said Assistant US Attorney Chris Johnson.

"A United States Magistrate Judge in Los Angeles issued an arrest warrant for Satchell, who is expected to surrender himself to federal authorities tomorrow (Wednesday)," the US Attorney's Office for the Central District of California said in a statement.

"If he were to be convicted of the three counts indictment, Satchell faces a maximum penalty of 25 years in federal prison," it said.

Authorities accuse Satchell, who headed a team that boosted Boeing's competitiveness by forecasting competitors' moves, of plotting with two other former Boeing managers.

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http://www.spacedaily.com/2004/040512002110.kfqgyjqk.html