The guilty plea, which first requires judicial approval, would brand Boeing a convicted felon
Boeing’s logo on the side of a Boeing 737 MAX during the Farnborough International Airshow criminal fraud conspiracy charge
Boeing will then have to pay a criminal fine of $243.6m . It will also be forced to agree to an independent monitor to oversee operations and spend at least $455m on its compliance and safety programmes. He explained that legal proceedings would be directed at the company as a whole rather than any specific person.
“In many cases, decisions within a corporation are made collectively, and it can be challenging to pinpoint responsibility on a single individual,” he explained. “This is especially true in large corporations like Boeing, where decisions are made at various levels of management.” “Boeing has agreed to plead guilty to a criminal fraud charge and pay a fine. This means that the company has accepted responsibility for its actions and is willing to pay a penalty,” he said, noting that this would not necessarily translate into jail time for any individuals.
The plea deal does not exclude Boeing from selling to the government but that would be a decision for each federal agency.
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