After getting close to a more than $4 billion all-cash deal over the weekend, jet maker Boeing Co. is now proposing using stock to buy jet-parts manufacturer Spirit AeroSystems Holdings Inc., the Wall Street Journal reported on Monday.
Boeing BA 1.44%increase; green up pointing triangle has proposed funding its acquisition of partsmaker Spirit AeroSystems SPR -1.46%decrease; red down pointing triangle with stock rather than cash, according to people familiar with the matter, a last-minute twist in deal talks that comes as the jet maker burns through more than $1 billion a month.
Family members of victims killed in two Boeing 737 MAX crashes asked a U.S. judge to name a corporate monitor to examine the planemaker's safety and corporate compliance procedures.
Problems with Boeing's Starliner capsule, still docked at the International Space Station (ISS), have upended the original plans for its return of its two astronauts to Earth, as last-minute fixes and tests draw out a mission crucial to the future of Boeing's space division.
A plant operated by Leonardo in southern Italy will be closed for four months because of the knock-on effects of the crisis faced by Boeing , the Italian defence and aerospace group said on Monday.
The company's reusable spaceship Starliner has had some problems with thrusters and helium leaks that have delayed its return to Earth.
Boeing Co (NYSE:BA, ETR:BCO) is facing possible criminal charges after Department of Justice claims that the airline violated a settlement agreement related to two fatal crashes involving its 737 Max aircraft, which resulted in the deaths of 346 people. The DoJ has until July 7 to decide whether to prosecute the company, while Boeing has denied any wrongdoing.
U.S. prosecutors will recommend the Justice Department criminally charge Boeing in connection with two deadly 737 MAX crashes, according to Reuters.
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The Justice Department is considering whether to bring criminal charges against Boeing. The NYT reported it could offer a second settlement, while Reuters said prosecutors recommend charges.
U.S. prosecutors have recommended that the Department of Justice (DOJ) bring criminal charges against Boeing for violating a settlement related to two fatal crashes.
US prosecutors recommended the DOJ file federal criminal charges against Boeing, Reuters reported. In May, officials found the company violated a 2021 settlement agreement related to two fatal crashes.