Boeing would reportedly plead guilty to one count of conspiracy to defraud the US and pay up to $487 million in penalties to avoid prosecution.
Tags: Boeing
Boeing Reaches Deal With Union, Avoiding Potential Strike and Increasing Shares by 3%
Boeing's shares rose 3% in premarket trading after a tentative labor agreement with a Pacific Northwest union, which includes a 25% wage increase and a commitment to build future aircraft in Seattle, potentially averting a major strike.
Law Firm Representing Boeing Serves Gag Order vs. MrBeast Whistleblower
The person behind the social media handle DogPack404, only identified as Dawson, has been issued two cease and desist orders from MrBeast, the social media brand headed by embattled YouTuber Jimmy Donaldson, after accusations of fraudulent practices.
Boeing Names Robert Ortberg As New CEO Following Plea Deal and $1.4 Billion Loss
Aerospace industry veteran, Robert "Kelly" Orberg is Boeing's new CEO, effective August 8, 2024, replacing David Calhoun after a $1.4 billion loss in the second quarter and ongoing regulatory issues.
Boeing Plans Major Overhaul to Rebuild Trust Following 737 Max Crashes That Cost Them $30 Billion
Boeing, facing severe financial and reputational damage from the 737 Max crashes, is implementing a comprehensive recovery plan involving better safety measures, workforce training, and buying back its troubled fuselage supplier.
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![[TIMELINE] How Boeing Came Under Fire by Federal Lawsuit Over Fatal Crashes](https://d.vcpost.com/en/full/106532/timeline-how-boeing-came-under-fire-federal-lawsuit-over-fatal-crashes.webp?w=329&h=190&f=dc7eedb975ababc0ebba342a262d1d7c)
Boeing has until July 5 to decide on whether to fight or plead guilty to the lawsuit filed by the Department of Justice for its alleged violation of a 2021 agreement that shielded it from criminal charges after a string of incidents involving its planes, employees, and other business lines.
Boeing reportedly agreed to purchase Spirit AeroSystems for $4 billion after months of talks. The damaged Spirit AeroSystems sign is seen damaged after an EF3 tornado touched ground on April 15, 2012 in Wichita, Kansas.
Due to technical issues with Boeing's Starliner capsule, NASA has extended astronauts' stay, delaying their return indefinitely.
Boeing to face another safety criticism after revealing that missing paperwork contributed massively to a serious incident involving an Alaska Airlines flight in January.
Boeing's ongoing financial and production issues will not deter its workers from holding a strike.
A father who lost his two sons in a Boeing Max crash is anxiously awaiting the US government's decision on whether to prosecute the company.
Richard Cuevas, the mechanic who repaired 787 jets for Boeing supplier Spirit AeroSystems in Everett, filed complaints with authorities after observing poor work and was fired for reporting the problems.
Boeing is reportedly offering $35 per share to purchase Spirit AeroSystems, funded mostly with stock.
Prosecutors recommended that the US Department of Justice file charges against Boeing after discovering it allegedly violated a settlement made in 2021 that shielded it from criminal charges.
