The head of the Federal Aviation Administration said on Thursday that Boeing has not yet resumed producing 737 MAX airplanes following a machinists strike, but plans to begin later this month.
Plane giant's agreement to plead guilty to fraud after two jet crashes was called ‘sweetheart' deal by relatives of victims
A judge rejected Boeing's plea deal with US prosecutors over 737 Max crashes. The deal involved Boeing pleading guilty to fraud and paying a $243.6 million fine.
Boeing and the Justice Department now have 30 days to update the court on how they plan to proceed in the case.
A federal judge on Thursday rejected a plea deal between Boeing and the Justice Department, after the aerospace firm agreed to plead guilty to a fraud charge and pay more than $243 million to resolve cases linked to two fatal plane crashes, killing a combined 346 people in 2018 and 2019, after the victims' family members opposed the agreement.
Court rejects Boeing plea deal tied to 737 Max crashes
A U.S. federal judge on Thursday rejected Boeing's agreement to plead guilty to fraud in the wake of two fatal 737 MAX crashes, court documents showed.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
It's been an extremely challenging few years for Boeing (BA -0.98%), and its recovery under new CEO Kelly Ortberg isn't going to be a quick fix. Still, there's a bullish case for the stock based on a backlog of about $428 billion at Boeing commercial airplanes (BCA), $62 billion at Boeing defense, space & security (BDS), and $20 billion at its aviation services business, Boeing global services (BGS).
Boeing-built F-15, with its superior speed, range and payload capacity, can meet the modernization needs of Japan's air defense capabilities.
Boeing Co. was named a “best idea” by the U.S. investment-grade team at CreditSights on Tuesday, on expectations the troubled aerospace company can stabilize its ratings and provide a path to upgrades over the next few years.
Several global companies, including aircraft manufacturer Boeing and struggling chipmaker Intel, have witnessed the departure of their CEO's this year, with a handful of firms opting for seasoned executives to fill these leadership voids.