In a landmark event for the Aviation industry, Boeing has agreed in principle to a plea deal with the U.S. Department of Justice (DOJ) regarding the two fatal 737 Max crashes in 2018 and 2019, which resulted in the deaths of 346 people. Here are the key details about the agreement and its implications: Details…
Boeing’s recent acquisition of Spirit AeroSystems, announced on July 1, 2024, is a significant move aimed at enhancing production quality, safety, and overall integration of their manufacturing processes. This all-stock transaction, valued at approximately $4.7 billion, involves Boeing assuming Spirit’s net debt, bringing the total transaction value to around $8.3 billion. Key Points of the…
