In a nutshell, you are screwed whatever you do.
If you report the company then you may lose a job you want. If you do not then you are guilty of a crime.
Make no mistake, stealing software is a crime.
Which would you rather be, an ethical unemployed engineer or an unethical employed engineer?
How would the company react if their designs were copied and manufactured by another company without them getting any payment or other royalty for their work?
Start off by working within the company to bring them into compliance with the licensing of the product, if that does not work then you really have no ethical way out rather than reporting the firm.
It will be an unfortunate outcome of that that you will most likely lose your job.
I also find it ironic, since I am also active in a political forum, where the Second Amendment supporters claim that guns reduce crime, that a gun manufacturer would be guilty of a crime.
Rick Kitson MBA P.Eng
Construction Project Management
From conception to completion