A Former Secretary of Labor chimed in on Boeing Co‘s (NYSE:BA) emblematic market position following years of safety concerns and a plea deal with the United States Department of Justice on Monday.
The Plea Deal: Boeing and the DOJ agreed to a preliminary plea deal, according to a court filing on Sunday night.
Boeing will plead guilty to criminal conspiracy to defraud the U.S. after allegedly misleading the Federal Aviation Administration regarding safety on its 737 MAX plane. Two crashes of the 737 Max in 2018 and 2019 resulted in the deaths of 346 passengers.
Under the deal, Boeing will spend at least $455 million on safety and compliance over ...