NEWSLETTER
Boeing (bachelor of arts) It has a court date in June.
Judge Reed O'Connor of the United States District Court for the Northern Texas District scheduled a judgment date on June 23 for the Government's conspiracy case against the aerospace giant.
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The Department of Justice alleges that the company cheated regulators on 737 Max Jetliner before two of the planes crashed, killing 346 people, the Associated press reported.
The lawyers of the Aerospace Company and federal prosecutors have spent months trying to renegotiate a guilt agreement of July 2024 that asked Boeing to declare himself guilty of a single position for serious crime.
The families of the victims of two fatal accidents praised an “opportunity for justice”, according to The guardianWhile Boeing said he was in “discussions in good faith” with the Department of Justice.
The agreement that the judge refused to approve would have avoided a criminal trial by allowing Boeing to declare conspiring to defraud the regulators of the Federal Aviation Administration who approved the minimum pilot training requirements for the 737 Max almost a decade ago.
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More intensive training in flight simulators would have increased the cost of airlines to operate the new plane model.
The plane, which has become Boeing's best -selling plane, became an intense focus of security researchers after two Max aircraft crashed less than five months apart in 2018 and 2019.
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The Boeing 737 Max was based worldwide between March 2019 and December 2020, and again in 2024, despite the public guarantees of the then CEO of Boeing, Dennis Muilenburg, which the plane was safe.
Muilenburg also spoke with President Donald Trump on the phone and “made clear the president that the Max plane is sure,” Boeing said, after Trump had complained on twitter that the planes are becoming “too complex to fly.”
Bob Lang, a veteran options and market technician and taxpayer regularly Twin disasters“The company continued to stumble, more interested in pleasing shareholders with empty promises instead of really solving their internal problems, which were increasing.”
“The feeling in Boeing was extremely poor, since many employees lashed out for policies and some even began to blow the company's whistle,” The The Street Pro said in his column.
“Everything joined the chaos, and the stock reflected it, since it lost more than 74% of its value in a period of 2 1/2 years and was no doubt the worse stock in the industrial average Dow Jones,” he added.
In December 2019, Boeing said Milenburg had resigned as CEO and director and was happened by David Calhoun.
Boeing was shaken again last year when a door cap exploded in the air in a Boeing 737 Max 9 operated by Alaska Airlines, leaving a hole on the side of the fuselage.
Calhoun resigned at the end of last year and Robert “Kelly” Ortberg, who previously served as CEO of Rockwell Collins, took the helm.
Jefferies analyst, Sheila Kahyaogu, said in a research note last year that in Rockwell Collins Ortberg it was a “hard negotiator who was dealing with a diverse set of customers and suppliers and managed the complexity of its diverse customer base,” including Boeing, CNBC reported.
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“There is a lot of work to do, and I'm looking forward to starting.” Ortberg said in statement.
The company ended 2024 with a sour note, informing $ 4.3 billion combined losses of the fourth quarter in its commercial and defense arms.
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“They had a horrible quarter that they reported” in January 2025, Lang said in a video interview. “I'm going to call that the kitchen sink, where they simply threw everything except the sinking of the kitchen and cleaned everything, all bad things, far from their books.”
During the Company's Profit Call With analysts, Ortberg said that Boeing was progressing on his trip of several years to change his culture.
“In 2025, we will be rebelling our central values and behaviors to leave our perfectly clear expectations for all our Boeing teammates,” he said.
“These will be incorporated into our leadership development program and will become fundamental elements of our performance management system,” Ortberg added.
Leadership promotions will be based, he said: “Not only on what we do, but how we do things.”
“While I talk to employees, there is a growing wave of emotion in the restoration of trust and recover their Boeing, and they want to be part of this change,” he said.
Lang said that Boeing, who is scheduled to inform quarterly results next month, has been working hard to get ready after the 737 Max disasters and with Ortberg on board, “Boeing has resurfaced as a name that wishes to buy and maintain.”
“The first time that has been discussed of the feeling in years …”, he said, and added that Ortberg “is doing a fantastic job.”
“They have come out with some new contracts with the United States government recently, some new plane orders with (some other airlines),” he said.
Boeing shares are out of 2.1% since January and outside 10.2% for a year. They finished regular negotiation Friday from 3.2% to $ 173.31.
Lang said the $ 200 level will not be easy to exceed.
“However, we could see an elevator later in the year,” he said. “I suspect that eventually a movement towards $ 250 should be anticipated. Only 12 to 14 months of time.”
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