By Andrew Tangel Close Andrew Tangel and Andy Pasztor Close Andy Pasztor Updated Jan. 9, 2021 4:13 pm ET Boeing Co. BA -1.32% ’s $2.5 billion agreement to end a criminal investigation by the Justice Department into the 737 MAX debacle resolves one of its highest-profile problems, but the plane maker still faces other legal and business challenges.
While the company’s criminal settlement covered Boeing’s responsibility for the actions of two Boeing pilots involved in government approval of pilot training for the MAX, those former employees are still under criminal investigation. Boeing Chief Executive Officer David Calhoun said Thursday in a memo to employees that wrongdoing detailed in the Justice Department’s settlement didn’t reflect Boeing’s broader culture. Boeing has pledged to revamp internal compliance systems as well.
Boeing is expected to report fourth-quarter earnings later this month. The company said it booked nearly $744 million in additional charges in the quarter related to the settlement. A Justice Department spokesman declined Friday to comment on the lawmakers’ criticism. David Burns, acting assistant attorney general for the Justice Department’s criminal division, said Thursday that the resolution was a strong punishment for Boeing.
Good
Boeings problems should NEVER be over.
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Hombres viejo aqui con viviendas circa Mercado Zapata en pretenciones mio Gordon Robbins gran amigo. el mismo ayudaron gente quien mataron membres de mis familia en Phoenix, AZ hace muchos anos.
Scrap those dayum planes. Now!
And now we have one of their 737s that just crashed in Indonesia. Expect more litigation.
And now another seemingly mechanically sound 737 / 500 has crashed shortly after takeoff in Indonesia.
Was the plane that went down today a Max?
95% only bad news(