Sign In
Search
Business/Financial

Boeing To Pay $2.5 Billion To Settle 737 MAX Issues With U.S.

Cal Biesecker By
SHARE:
Boeing To Pay $2.5 Billion To Settle 737 MAX Issues With U.S.
Boeing President and CEO Dave Calhoun. Photo: Boeing

Boeing [BA] on Thursday agreed to a pay a $2.5 billion fine to resolve the U.S. government’s investigation into the company’s 737 MAX passenger aircraft, which has been grounded since March 2019 following two catastrophic crashes of the aircraft that month and in October 2018 that resulted in 346 people being killed. The settlement with the Department of Justice includes a $243.6 million penalty, $500 million in additional payments to the families of those lost in the two crashes, and…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

Rocket Lab Closes Mynaric Acquisition At Higher Price Than Originally Agreed

Business/Financial

On-Orbit Services Startup Starfish Space Raises $110 Million To Execute Missions, Boost Production

Business/Financial

X-Bow Providing Rocket Assisted Takeoff Kit For AEVEX Long-Range Loitering Munition

Business/Financial

Powerus, DFT Team To Deliver Enhanced Drone Interceptors

Trending

RTX Signs $3.7 Billion Contract With Ukraine For Patriot GEM-T Interceptors
Lockheed Martin Boosts Venture Arm To $1 Billion
Lockheed Martin Planning Next-Generation Space Dominance Demos On Orbit
Trump’s $1.15 Trillion Request For DoD Is The ‘New Normal,” HASC Chairman Says
Defense Watch: EA-37s in Wargame, Laser Use OK’d, Army ADOC, UAS Award, FMD Chief Back

Congress Updates

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]

Budget

Trump’s $1.15 Trillion Request For DoD Is The ‘New Normal,” HASC Chairman Says

COLORADO SPRINGS, Colo.—The Trump administration’s nearly $1.2 trillion baseline defense budget request for fiscal year 2027 will be adopted and will be the foundation for the “new normal” going forward, […]

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]

The Force Multipliers

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Force Multipliers

Force Multipliers – Fred Taylor

Job Feed

Post a Job // Post a Resume