Boeing will plead guilty to fraud as part of a deal with the US Department of Justice over two fatal 737 MAX crashes, according to a court filing Wednesday.
The Justice Department said Boeing had agreed to plead guilty to a criminal fraud conspiracy charge and pay a fine of $243.6 million after the planemaker breached a 2021 deferred prosecution agreement.
The Justice Department said Boeing has agreed to plead guilty to a criminal fraud conspiracy charge and pay a fine of $243.6 million after the Justice Department said the planemaker had breached a 2021 deferred prosecution agreement, according to a court filing.
Boeing (BA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Boeing said on Tuesday it has resumed deliveries of its best-selling 737 MAX airplane to China after a lengthy delay stemming from regulatory issues.
Today was a far better day for Airbus at the Farnborough International Airshow. The European planemaker announced some large orders, but Boeing is still at the lead.
A top Boeing supply chain executive said on Tuesday suppliers and airlines had the right to be sceptical about company jet output forecasts, following a recent decline in the planemaker's production.
Around 200 Boeing jets are sitting idle in airfields and outside plants, per the Wall Street Journal. The jets are mostly complete but are reportedly awaiting parts or delivery.
As Boeing continues its descent, Embraer unveils eVTOL prototype with huge earnings estimates for Q2 and 2024.
Boeing (BA) and Korean Air announced Monday that the carrier would be buying as many as 50 of the plane maker's wide-body jetliners.
Boeing's team has reason to celebrate at the close of the first day of the Farnborough International Airshow in London. The American plane manufacturer took the lion's share of commercial jet orders announced at the show, most in the wide body category.
Boeing announced Monday a raft of orders on the first day of Britain's Farnborough Airshow, shrugging off safety and production woes as the industry struggles to keep up with demand.