Boeing BA 0.28%increase; green up pointing triangle agreed to plead guilty to misleading air-safety regulators in the run-up to two deadly 737 MAX crashes, a stunning concession that would brand the world's biggest aerospace company a felon.
The Justice Department said in May that Boeing violated its 2021 settlement by failing to implement a certain compliance program.
Boeing has agreed to plead guilty to a criminal fraud conspiracy charge to resolve a U.S. Justice Department investigation linked to two 737 MAX fatal crashes, a government official said on Sunday.
Boeing (BA) has received an order for four 777 Freighters from its repeat customer, Turkish Airlines.
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The duopoly is the reason this stock could still fly high.
More than five years after two fatal 737 MAX crashes, Boeing faces a fresh legal reckoning now that prosecutors have concluded the company flouted an earlier settlement addressing the disasters.
Industrial stocks can present mouthwatering returns. However, their cyclical nature makes them susceptible to interim drawdowns.
It's no secret Boeing faces major challenges. Each day seems to bring more negative headlines about the company's commercial aircraft, civilian spacecraft, or its defense business.
Boeing shares remain a strong buy for me, but there is a potential deal arbitrage opportunity now. Airbus recently reduced production guidance, which could be another buying opportunity in the aviation industry. Boeing faces a potential guilty plea over 737 Max crashes, the CEO search continues, and Boeing shares could remain volatile.
Goldman Sachs analyst Noah Poponak stated that their analysis suggests that The Boeing Company BA (Buy rating, $243 price target) is expected to achieve 43 deliveries in June, comprising 34 737 MAX, three 787s, and six other aircraft.
Boeing's long-awaited announcement that it will buy back its struggling supplier, Spirit AeroSystems, now shifts the focus of investors to the planemaker's search for a new CEO.