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JULY 2024

Week 28

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Boeing pleads guilty to breaching agreement related to fatal 737 MAX crashes

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July 9th 2024

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On July 8, Boeing said it had agreed to plead guilty to a U.S. Justice Department charge it violated the terms of a previous settlement concerning to two fatal crashes of 737 MAX 8s. Read More » The final plea agreement is to be formally submitted to a U.S. District Court for approval later this month. If approved, Boeing faces a maximum fine of US$487.2 million, must apply stricter compliance and oversight of its safety programs for three years and accept the scrutiny of its production programs by an independent corporate monitor.

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