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Boeing to pay $2.5bn to resolve 737 MAX criminal probe in US:
Boeing Co will pay over $2.5bn to resolve the United States Department of Justice (DOJ) investigation into two deadly 737 MAX crashes that killed 346 people, the DOJ said, but will not be forced to plead guilty to criminal charges.
The DOJ said the settlement includes a criminal monetary penalty of $243.6m, compensation payments to Boeing's 737 MAX airline customers of $1.77bn, and the establishment of a $500m crash-victim beneficiaries fund to compensate the heirs, relatives and legal beneficiaries of the passengers.
[...] Boeing admitted in court documents that two of its 737 MAX Flight Technical Pilots deceived the FAA about a key safety system tied to both fatal crashes called MCAS.
Boeing Chief Executive David Calhoun said in a statement the agreement "appropriately acknowledges how we fell short of our values and expectations."
The airline payment fund will include prior payments already made by the Boeing to airlines.
(Score: 4, Insightful) by SpockLogic on Friday January 08 2021, @12:43PM (2 children)
No prison time = No justice.
Overreacting is one thing, sticking your head up your ass hoping the problem goes away is another - edIII
(Score: 2) by DannyB on Friday January 08 2021, @03:42PM
It sounds like $2.5 Billion worth of Boeing's money is getting some prison time. Until Boeing can get that money back through higher priced cost plus contracts. Maybe a few more delays on SLS. Or a Starliner catastrophe that requires at least $2.5 Billion worth of redesign work it look much more like a Dragon 2.
Young people won't believe you if you say you're older than Google. (born before 1998-09-03)
(Score: 1, Informative) by Anonymous Coward on Saturday January 09 2021, @04:32AM
Boeing/McDonald-Douglas needs a few key members of management to end up publicly humiliated, made to beg for their lives, then executed for this travesty.