Comment on Boeing's big mea culpa just dropped and it doesn't look pretty

Boeing's big mea culpa just dropped and it doesn't look pretty

Boeing CEO Dave Calhoun testifying during a Senate hearing on the company's broken safety culture last month.Liu Jie/Xinhua via Getty ImagesBoeing agreed to plead guilty to defrauding the US on Sunday. In May, the DOJ accused Boeing of violating a 2021 settlement over two fatal Boeing 737 Max crashes.An attorney for the victims' families said he has filed an objection to the plea deal.Boeing has agreed to plead guilty to defrauding the US, essentially admitting to accusations that it violated an earlier agreement to strengthen its safety measures in the wake of two fatal Boeing 737 Max crashes in 2018 and 2019."The parties have agreed that Boeing will plead guilty to the most serious readily provably offense," the Justice Department said in a court filing on Sunday night.Last week, Bloomberg reported that federal prosecutors had offered Boeing the choice of either accepting the plea deal or risk facing trial.Under the plea deal, Boeing will have to pay a fine of $243.6 million.

 

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