PPA - How Boeing's Guilty Plea Could Impact US Defense Contracts | Benzinga
Boeing Co (NYSE:BA) is negotiating with the U.S. Defense Department to understand how its planned guilty plea could impact its substantial government contracts.
This follows the company’s agreement to plead guilty to a criminal fraud conspiracy charge related to the two 737 MAX crashes in 2018 and 2019, which resulted in 346 deaths.
A guilty plea could potentially jeopardize Boeing’s ability to secure future contracts with government agencies, including the Department of Defense and NASA.
However, these agencies can choose to waive any restrictions. The final terms of the deal are expected to be finalized by July 19, according to a report from Reuters.
Pentagon spokesperson Air Force Major General Patrick Ryder stated that the agency will evaluate Boeing’s remediation plans and agreement with the ...