PPA - Justice Department Accuses Boeing Of 2021 Settlement Breach | Benzinga
The U.S. Justice Department has accused Boeing Co. (NYSE:BA) of violating a 2021 settlement agreement concerning the company's involvement in two fatal 737 MAX crashes.
The settlement had allowed Boeing to avoid prosecution by agreeing to certain compliance obligations.
Recent findings suggest that Boeing failed to meet these commitments, potentially exposing the company to criminal charges, according to a report from the Wall Street Journal.
Boeing admitted in 2021 that two employees misled federal regulators about the 737 MAX, which contributed to the crashes.
A subsequent agreement imposed a $2.5 billion penalty and required Boeing to enhance its compliance programs.
However, in January, an incident involving an Alaska Airlines 737 MAX prompted a new investigation, raising fresh concerns about Boeing's safety culture.
The Justice Department's letter to a Texas federal court revealed ...