Boeing
US multinational that designs, manufactures and sells commercial airplanes
- Entries
- 12
- On the record
- 6
- Stories
- 2
- Latest entry
- Dec 8, 2025
The record
Boeing's record beyond the 737 MAX criminal case runs through the door plug that blew out of a Boeing jet flying as Alaska Airlines Flight 1282. On June 24, 2025, the National Transportation Safety Board found the probable cause was Boeing's failure to provide adequate training, guidance and oversight to factory workers. Investigators said the plug was opened without required paperwork and closed without the specified technicians, four bolts were missing before the flight, and the FAA had not made Boeing fix repetitive and systemic problems.
Leadership turned over in 2024. On March 25 the company said chief executive Dave Calhoun would step down at the end of the year, chair Larry Kellner would leave the board, and the head of Commercial Airplanes, Stan Deal, would retire. On July 31 it named Kelly Ortberg, a former Rockwell Collins chief executive, as president and CEO from August 8, 2024.
Boeing also took back its biggest supplier. On July 1, 2024, it agreed to buy Spirit AeroSystems in an all-stock deal at $37.25 a share, an equity value of about $4.7 billion and about $8.3 billion including Spirit's net debt, with Airbus taking certain Spirit work packages. It completed the acquisition on December 8, 2025, bringing about 15,000 workers at sites including Wichita, Kansas, and its 737 fuselage work in-house.
Roles and honours on the record
Every entry, newest first
- Filed
DOJ and Boeing reached an agreement in principle to dismiss the fraud charge; Boeing to pay and invest over $1.1B, per the Guardian. Boeing 737 MAX fraud charge settled with DOJ for $2.5B in 2021
- Ruled
Judge Reed O'Connor rejected Boeing's plea deal over how the deal handled choosing an independent monitor, per the WSJ. Boeing 737 MAX fraud charge settled with DOJ for $2.5B in 2021
- Filed
Boeing agreed to plead guilty to conspiracy to defraud the US and pay a $487.2M fine, per the New York Times citing a court filing. Boeing 737 MAX fraud charge settled with DOJ for $2.5B in 2021
- Filed
DOJ told the court Boeing breached its 2021 agreement; Boeing said it believed it had honored the terms, per CNN. Boeing 737 MAX fraud charge settled with DOJ for $2.5B in 2021
- Ruled
Boeing agreed to pay $200M to settle SEC charges of misleading investors, per BBC; it neither admitted nor denied the findings. Boeing 737 MAX fraud charge settled with DOJ for $2.5B in 2021
- Admitted
DOJ charged Boeing with one count of conspiracy to defraud the US; Boeing entered a deferred prosecution agreement worth over $2.5B. Boeing 737 MAX fraud charge settled with DOJ for $2.5B in 2021
Stories in this file
Settlements ยท โ๏ธ Boeing's $2.5B 737 MAX deal was not a derivative settlement
Boeing's DOJ deal split $2.5B three ways. A derivative recovery goes to the company, and a court must approve it. ๐
Business ยท โ๏ธ Boeing 737 MAX fraud charge settled with DOJ for $2.5B in 2021
Boeing avoided trial in 2021. A 2024 plea deal was rejected by a judge, and a 2025 deal in principle still needed finalizing. โณ
The record, entry by entry
- 2024-03-25 Official Boeing announced Dave Calhoun would step down as CEO at the end of 2024, chair Larry Kellner would not seek re-election, with Steve Mollenkopf succeeding him, and Commercial Airplanes chief Stan Deal would retire. Boeing release, Form 8-K exhibit 99.1
- 2024-07-01 Official Boeing agreed to acquire Spirit AeroSystems in an all-stock deal at $37.25 a share, about $4.7 billion in equity value and $8.3 billion including net debt; Airbus agreed to take certain Spirit work packages. Boeing release, Form 8-K exhibit 99.1
- 2024-07-31 Official Boeing named Kelly Ortberg president and CEO effective August 8, 2024, succeeding Calhoun. Boeing release, Form 8-K exhibit 99.1
- 2025-06-24 Official The NTSB found the Alaska Airlines Flight 1282 door plug blowout was caused by Boeing's failure to provide adequate training, guidance and oversight to its factory workers, and faulted the FAA's oversight of repetitive and systemic nonconformance issues. National Transportation Safety Board release
- 2025-06-24 Official Investigators said the plug was opened without required paperwork, closed without the specialized technicians Boeing's procedures required, and missing four bolts before the flight, so no quality inspection of the closure took place. National Transportation Safety Board release
- 2025-12-08 Official Boeing completed its acquisition of Spirit AeroSystems, bringing about 15,000 workers at five sites, including 737 fuselage work, into the company. Boeing release, Form 8-K exhibit 99.1
Documents
Sources behind this file
- Associated Press report on Nvidia and Jensen Huang
- Cornell LII Wex entry on shareholder derivative suits
- Journal of Financial and Quantitative Analysis paper on Universal Demand laws
- Guardian report
- Wall Street Journal report
- New York Times report
- CNN Business report
- BBC News report on the SEC settlement
- Department of Justice press release on Boeing's deferred prosecution agreement
- The Seattle Times report on Boeing's deal
- BBC News report
- CNN Business report