Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Boeing Company
Current Parent CompanyBoeing
Penalty: $200,000,000
Year: 2022
Date: September 22, 2022
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: Boeing agreed to pay $200 million to settle allegations it made materially misleading public statements following crashes of its airplanes in 2018 and 2019. The crashes involved Boeing's 737 MAX airplane and a flight control function called the Maneuvering Characteristics Augmentation System (MCAS). 
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Illinois
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: aerospace and military contracting
Specific Industry of Current Parent: aerospace & military contracting
Source of Data(click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.