- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Aaron Nicodemus2024-07-08T18:41:00
Boeing will plead guilty to a felony and pay an additional $243.6 million for violating the terms of a 2021 settlement it made with the Department of Justice (DOJ) related to safety lapses that contributed to the crash of two airplanes.
In the settlement, filed Sunday in U.S. District Court for the Northern District of Texas, Boeing agreed to plead guilty to one felony count of making material misstatements to the Federal Aviation Administration (FAA) regarding compliance and safety issues. The company has now paid a total of 487.2 million in criminal penalties related to its 2021 deferred prosecution agreement (DPA).
The company, which will be placed on probation for three years, also agreed to invest at least $455 million to improve its compliance and safety programs. The DOJ will impose an independent compliance monitorship for three years. The company may also have to pay additional compensation to the families of the 346 people killed in two crashes of Boeing airplanes in 2018 and 2019, subject to a ruling by the federal judge overseeing the case.
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