Violation Tracker Individual Record
Company:
Boeing Company
Current Parent Company:
Boeing
Penalty:
$2,513,600,000
Year:
2021
Date:
January 7, 2021
Offense Group:
competition-related offenses
Primary Offense:
fraud
Violation Description:
The Boeing Company entered into an agreement with the Department of Justice to resolve a criminal charge related to a conspiracy to defraud the Federal Aviation Administration's Aircraft Evaluation Group in connection with the evaluation of Boeing's 737 MAX airplane. Under the terms of the deferred prosecution agreement, Boeing will pay a total criminal monetary amount of over $2.5 billion, composed of a criminal monetary penalty of $243.6 million, compensation payments to Boeing's 737 MAX airline customers of $1.77 billion, and the establishment of a $500 million crash-victim beneficiaries fund to compensate the heirs, relatives, and legal beneficiaries of the 346 passengers who died in the Boeing 737 MAX crashes of Lion Air Flight 610 and Ethiopian Airlines Flight 302.
Level of Government:
federal
Action Type:
agency action
Agency:
Justice Department Criminal Division
Civil or Criminal Case:
criminal
Prosecution Agreement:
deferred prosecution agreement
HQ Country of Parent:
USA
HQ State of Parent:
Illinois
Ownership Structure of Parent:
publicly traded
Major Industry of Parent:
aerospace and military contracting
Specific Industry of Parent:
aerospace & military contracting
Source Notes:
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note:
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.
