Boeing (BA) stock will be on investors' radars Monday after Reuters reported Sunday that the company has agreed to reacquire parts supplier Spirit AeroSystems (SPR) for $4.7 billion and that the U.S. Department of Justice (DOJ) will criminally charge the airplane maker with fraud over two fatal crashes and ask it to plead guilty or face a trial.
Boeing earlier reached a deferred prosecution deal with the DOJ for two fatal crashes in 2018 and 2019. The DOJ now plans to charge Boeing with fraud after officials found Boeing violated that deal.
The U.S. is expected to seek a guilty plea and offer Boeing a deal over the fatal 737 Max crashes, victims' family members said Sunday.
Planemaker set to be offered plea deal, angering loved ones of the 346 people who died on 2018 and 2019 flights
Boeing agreed on Sunday to acquire Spirit Aerosystems for $37.25 per share, in an all-stock deal that values the supplier at more than $4 billion, according to two sources familiar with the matter.
Prosecutors plan to ask Boeing BA -0.27%decrease; red down pointing triangle to plead guilty to deceiving air-safety regulators about a crucial aspect of the 737 MAX planes implicated in two disastrous crashes, wiping out a more lenient agreement the company received more than three years ago.
The Justice Department is planning to charge Boeing with fraud after prosecutors said the company failed to implement an agreed upon anti-fraud compliance program following two fatal plane crashes that killed 346 people in 2018 and 2019, according to multiple reports, citing unnamed sources familiar with the matter.
The Justice Department reportedly will charge Boeing with fraud, urging the Dow Jones aerospace giant to plead guilty.
The U.S. Justice Department plans to propose that Boeing plead guilty to fraud in connection with two deadly plane crashes involving its 737 Max jetliners, according to two people who heard federal prosecutors detail the offer Sunday.
Federal officials from the Justice Department are meeting with Boeing and the families of victims of fatal crashes as a deadline for filing criminal charges against Boeing nears.
The U.S. Justice Department is pushing for Boeing to plead guilty to a criminal charge after finding the planemaker violated a settlement over fatal 737 MAX crashes in 2018 and 2019 that killed 346 people, two people familiar with the matter said on Sunday.
Space stocks will attract the eye of investors who are considering both their own and their grandchildren's financial gains, as we stand on the cusp of an industry potentially expected to triple to $1.8 trillion. SpaceX holds the leadership in launch frequency, but other commercial players, particularly in China, are emerging.