Reported about 1 year ago
The US Department of Justice is set to charge Boeing with criminal fraud in relation to two deadly crashes involving the Boeing 737 aircraft. Boeing faces the choice of either accepting a plea agreement with high fines or facing trial. The Justice Department is proposing a plea deal that includes a $2.436 billion fine and three years of independent monitoring, with a deadline for Boeing to respond by this weekend. Family members of crash victims are dissatisfied with the proposed agreement, believing it does not impose sufficient penalties on Boeing, and are calling for its rejection. In efforts to address safety issues, Boeing recently agreed to acquire aerospace company Mergent Inc. for an estimated valuation of up to $8 billion.
Source: YAHOO