Boeing putting one of its legal challenges to rest.
The company set to plead guilty to criminal fraud charges
stemming from 2 deadly 737 Max jet crashes.
Duarte Geraldino joins us live in studio.
Duarte. Many are many people are calling this a sweet
deal for the company,
especially the families of the victims on board those flights.
That's right, Natasha, a lot of people are very,
very angry about this deal.
Now Boeing is one of the largest plate manufacturers in
the world.
If you fly, you have likely been on one of
the planes that it's built.
And now the US government is saying Boeing pled guilty
in connection to.
37 Max plane crashes that claimed hundreds of lives.
This is a huge Boeing will plead guilty to criminal
fraud charges.
the US government says the airline manufacturer violated an agreement
that was designed to make planes safer.
This agreement was also protecting the industry giant from prosecution
ever since two of its Max 737 jetliners went down,
killing 346 people more than three years ago.
The timing couldn't be worse for Boeing.
It's still under investigation for a string of other safety
lapses,
including. That January mid air emergency when a door panel
blew out of an Alaska Airlines flight,
CEO Dave Calhoun has been in the hot seat.
Congressional leaders are demanding his head.
What is it you get paid to do exactly?
I get paid to run the Boeing Company.
Really. Because you're under investigation for falsifying 787 inspection records.
The Boeing's under criminal investigation for the Alaska Airlines flight.
He announced plans to step down at the end of
the year.
Under the terms of the proposed deal,
Boeing will. Pay the maximum fine allowed by law,
$487 million. Spend another 455,000,000 on new compliance and safety
programs,
agree to monitoring by federal inspectors and have its board
meet with the family of those fatal 737 crashes.
And though this guilty plea would make Boeing a corporate
felon,
victims families are not happy.
In response to the deal,
Paul G Cassell, a lawyer for more than a dozen
families,
says this sweetheart deal fails to recognize that because of
Boeing's conspiracy 3.
46 people died through crafty lawyering between Boeing and the
DOJ.
The deadly consequences of Boeing's crime are being hidden.
They wanted manslaughter, not fraud.
There still still needs to be approved by a federal
judge in order to take effect.
Now, being labeled a corporate felon in theory could affect
the company's ability to be a government contractor.
But there's so much at stake,
guys. 37% of Boeing's revenue last year came from government
contracts.
Natasha, Steve. That about it.
All right, We appreciate it.
Thank you.