PPA - Boeing Risks Criminal Charges As US Prosecutors Reportedly Target Compliance Failures Post-737 MAX Crashes | Benzinga
Boeing Co (NYSE:BA) risks potential criminal charges as U.S. prosecutors reportedly recommend legal action against the aerospace giant, after the company allegedly breached a 2021 deferred prosecution agreement following two fatal 737 MAX crashes.
The Justice Department has until July 7 to decide on prosecuting Boeing, which could result in huge penalties. The charges stem from accusations that Boeing violated its agreement by failing to adhere to compliance measures set out in 2021, and the recommendation of prosecutors handling the case has not been previously disclosed, reported Reuters.
The original deal was intended to shield Boeing from a conspiracy to commit fraud charge if it met specific terms, including compliance reforms and regular updates.
In 2021, Boeing avoided prosecution by agreeing to a $2.5 billion settlement over ...