AP NEWS

Groton-based company to develop lightweight launch, recovery system for Navy’s underwater drones

September 20, 2018

Groton — LBI Inc., a research, development, engineering and manufacturing company that specializes in marine and naval systems, has been awarded a 33 million in government contracts over the past five years.

In July, a former employee of LBI, who was accused of stealing trade secrets from the company, was found guilty by a jury in U.S. District Court in Hartford of six counts of theft of trade secrets, six counts of upload of trade secrets, and one count of transmission of trade secrets. The jury found another former employee, also accused of stealing trade secrets from the company, not guilty on all counts.

j.bergman@theday.com

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