Boeing Reaches Nonprosecution Deal With US
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Pentagon accepts Boeing jet from Qatar
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President Trump’s Justice Department has agreed to let Boeing out of a guilty criminal plea agreement surrounding two fatal crashes last decade. It was a deal that some family members of crash victims said they didn't want.
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.
Many relatives of the passengers who died in the Boing 2018 and 2019 crashes have spent years pushing for a public trial.
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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The Justice Department has reached a deal with Boeing that will allow the company to avoid criminal prosecution for allegedly misleading U.S. regulators about the 737 Max jetliner before two of the planes crashed and killed 346 people.
Boeing’s fundamentals have been improving, but the recent spike up in the stock seems to be more about investors being afraid not to own it, Vertical Research said.
Boeing (NYSE:BA) is showing signs of renewed production momentum on its 737 Max program following years of turbulence, Olivier Andries, chief executive of French aerospace group Safran (OTCPK:SAFRY) (OTCPK:SAFRF),