PPA - Why Is Boeing Stock Soaring On Monday? | Benzinga
On Monday, Airplane maker Boeing Co (NYSE:BA) shares are trading higher after a Reuters report that said its executives are unlikely to face criminal charges over the fatal crashes in 2018 and 2019 that resulted in the deaths of 346 individuals.
The conclusion comes as the five-year statute of limitations for prosecuting most federal crimes has likely expired, according to the U.S. Justice Department officials who briefed victims’ family members.
In mid-May, The Justice Department determined that Boeing violated a 2021 deferred prosecution agreement (DPA) that previously protected the company from criminal charges related to the crashes.
The agreement required Boeing to avoid any further violations over a three-year period ending on January 7, 2024.
However, a significant incident ...