✎ Contributed by Ty Griffin
Boeing Co. is attempting to withdraw its guilty plea related to charges of misleading federal regulators in connection with the 737 MAX crashes that claimed 346 lives in 2018 and 2019. The company’s reversal comes as the Department of Justice reconsiders several white-collar cases under a broader legal review, drawing renewed attention to Boeing’s corporate accountability.
Performance of Major Aerospace and Defense Companies
• Boeing Co. (NYSE: BA): Trading at $182.27, up 0.76% today.
• Lockheed Martin Corp. (NYSE: LMT): Trading at $436.40, up 0.33% today.
• Northrop Grumman Corp. (NYSE: NOC): Trading at $504.75, up 1.95% today.
• General Dynamics Corp. (NYSE: GD): Trading at $267.13, up 0.47% today.
• RTX Corp. (NYSE: RTX): Trading at $134.79, up 0.07% today.
Legal Context and Industry Reaction
The original plea deal, struck in July 2024, would have required Boeing to pay $487 million in fines and commit to $455 million in internal safety reforms under three years of probation. However, the deal was rejected in December by a federal judge over concerns about transparency and oversight, including the proposed diversity requirement for Boeing’s monitor. Families of the crash victims continue to call for stronger accountability measures.
The new legal maneuver comes as Boeing simultaneously seeks to strengthen its position in the defense sector. The company recently secured the contract to develop the U.S. Air Force’s F-47 fighter jet and is currently bidding for the Navy’s sixth-generation fighter program, competing with Northrop Grumman after Lockheed Martin opted out.
Outlook
Boeing’s efforts to reverse its guilty plea have drawn criticism and reignited debate over corporate responsibility in aviation safety. With multiple defense contracts on the line and renewed public scrutiny, the company is navigating both legal risk and strategic opportunity. Investors are watching closely to assess how the situation could affect Boeing’s long-term reputation and financial trajectory.
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