The Pentagon plans to assess Boeing's improvement plans and Justice Department deal before determining what impact the planemaker's plan to plead guilty could have on its government contracts, a U.S. defense official told Reuters on Monday.
US aviation regulators said Monday that thousands of Boeing 737 airplanes would need to be inspected, amid concerns that passenger oxygen masks could fail in emergencies.
Boeing Co‘s BA stock might have more room to fly.
The Federal Aviation Administration said Monday it is requiring inspections of 2,600 Boeing 737 airplanes because passenger oxygen masks could fail during an emergency.
Boeing is in talks with the U.S. Defense Department over how the planemaker's planned guilty plea could affect its extensive government contracts, a person briefed on the matter said.
Boeing (NYSE: BA ) stock is in the news Monday after the airplane manufacturing company agreed to plead guilty in a lawsuit with the Department of Justice (DOJ). Boeing has reached an agreement with the DOJ to plead guilty to a criminal fraud charge.
Boeing (BA) has agreed to plead guilty to a charge of defrauding the federal government over the 2018 and 2019 crashes of a pair of 737 Max planes that killed more than 300 people, the Justice Department said in a Sunday night court filing.
Boeing is to plead guilty to a criminal fraud conspiracy charge to resolve a US investigation into two fatal 737 MAX crashes.
Boeing Co (NYSE:BA, ETR:BCO) has agreed to pay a US$243.6 million fine and plead guilty to fraud in a deal with US federal prosecutors which means it will avoid a criminal trial. The guilty plea relates to a criminal fraud conspiracy charge after the US Department of Justice (DoJ) found the company violated a deal that had protected it from prosecution after two fatal crashes of its 737 Max jets in 2018 and 2019 that killed all 346 people aboard.
Boeing is a big player in defense—it was awarded $23 billion in Defense Department contracts last year- so the guilty plea could have an impact.
Boeing said Monday it had reached a deal with the US Department of Justice over two fatal 737 MAX crashes, which court papers show would see the aviation giant plead guilty to fraud.
Boeing has agreed to plead guilty to a criminal fraud conspiracy charge in order to avoid a criminal trial related to two deadly crashes involving 737 MAX jetliners.