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.
U.S. prosecutors are meeting with Boeing and fatal-crash victims' relatives as a July 7 deadline looms for the Justice Department to decide whether to criminally charge the planemaker, according to two people familiar with the matter and correspondence reviewed by Reuters.
Boeing Co.'s Starliner spacecraft will remain docked at the International Space Station while the aerospace company and NASA conduct further tests into thruster issues and helium leaks.
NASA and Boeing are further extending the first Starliner crewed flight but are not yet setting a new target date for returning the capsule to Earth. Officials say the Starliner team is conducting additional testing on the ground that will completed before the spacecraft leaves the International Space Station.