The FAA last week announced in a news release a $5.4 million dollar fine against the Chicago-based Boeing Company, the aerospace manufacturer whose reputation was severely crippled following the grounding of its 737 Max in March 2019. Over the past two years, the company has continued absorbing both financial and reputational hits against the Max and other aircraft models despite the ungrounding of the Max last fall.
FAA Plants $5.4 Million Fine on Boeing
Key Takeaways:
- The FAA fined Boeing $5.4 million for failing to meet regulatory compliance and safety improvement targets outlined in a 2015 settlement agreement.
- Boeing also agreed to pay an additional $1.21 million to resolve two separate FAA enforcement actions related to an improper ODA program structure, quality-control failures, and undue pressure on ODA members.
- The FAA reaffirmed its commitment to vigilant oversight of Boeing's operations and strict enforcement of safety and regulatory compliance, citing new legislation for greater penalties.
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