Pentagon accepts luxury Boeing 747
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President Trump’s Justice Department is weighing whether to let Boeing (BA) out of a criminal trial and guilty plea surrounding two fatal 737 Max 8 crashes, and some family members of the crash victims are not happy about it.
(Reuters) -The U.S. Justice Department should take Boeing to trial in a criminal fraud case stemming from two fatal 737 MAX crashes and reject a tentative deal to allow the planemaker to avoid prosecution, a lawyer for some of the victims' families said.
In its fourth annual safety report since the deadly MAX crashes, Boeing laid out a multi-pronged safety plan and said it's seeing progress.
U.S. planemaker Boeing has returned to a more "dynamic" production profile after years of uncertainty surrounding setbacks to its 737 MAX passenger jet, the head of engine maker and key Boeing supplier Safran said on Thursday.
Boeing is also using machine learning to catch quality problems in its supply chain before they become widespread. While it is still "fine tuning" the approach, it is seeing statistical correlations between the data and the likelihood of supply chain issues, Ackerman said.
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Boeing secured a record-breaking order from Qatar Airways and support from Donald Trump in valuable signs of confidence after tensions and turmoil.
The Boeing Company's stock is not cheap at all, especially considering the above EPS recovery uncertainties. Click here to read our BA stock update.
The Justice Department may drop its criminal prosecution of Boeing for allegedly misleading U.S. regulators about the 737 Max jetliner before two of the planes crashed and killed 346 people.
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Boeing has reached a tentative nonprosecution agreement with the U.S. Department of Justice in a fraud case stemming from two fatal 737 MAX plane crashes that killed 346 people, people familiar with the matter said.
The Justice Department advised families of victims of two 737 Max crashes that it was considering a plan to drop a previous agreement under which Boeing would have pleaded guilty.
After a disastrous stretch of scandals linked to the 737 MAX jet, the plane maker is listening closely when workers find problems.