Mario Tama
- Boeing (NYSE:BA) has formally filed a guilty plea with the Department of Justice regarding making false representations about key software for the 737 MAX linked to two fatal crashes in 2018 and 2019.
- As part of the agreement, the aerospace giant will also pay a $243.6M fine, a court filing stated.
- Boeing confirmed the plea filing to Reuters. “We will continue to work transparently with our regulators as we take significant actions across Boeing to further strengthen our safety, quality and compliance programs.”
- In the filing, the DoJ noted that Boeing neglected to ensure employees documented removing parts during airplane manufacture and didn’t confirm mechanics and inspectors who said they completed work actually did so.
