NEWS

Boeing reaches agreement with US courts, but the bad streak continues



It’s official: Boeing is a criminal enterprise. “On July 7, the U.S. government announced that the planemaker had pleaded guilty to fraud in connection with the two fatal crashes of its 737 MAX,” reports The Economist from the United Kingdom. Boeing, which has already paid $2.5 billion (€2.3 billion) in this case to avoid criminal prosecution of its executives, will have to pay an additional fine of $243.6 million. The aircraft manufacturer has also committed to investing at least $455 million in “compliance and security programs”.

On Wall Street, Boeing shares immediately started to rise again, as investors were reassured about the company’s continued contracts with the US military. indicates the Financial Times. “Boeing provides the Air Force with critical aircraft, including the F/A-18 Super Hornet fighter jet, the AH-64 Apache helicopter, and the KC-46 air tanker – not to mention the President’s Air Force One.” These contracts represented a third of its turnover in 2023. They would have been compromised in the event of a conviction.

“The problem is that this deal suggests that justice can be bought –

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button