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Boeing Agrees to Pay $12 Million to the United States Treasury

  • Published by Ozgur Tore

boeing buildingBoeing Commercial Airplanes (BCA) pledged to implement and improve several certification processes to further enhance the airworthiness and continued compliance of all BCA products. The U.S. Department of Transportation’s Federal Aviation Administration today announced a comprehensive settlement agreement that ensures that Boeing fully meets all applicable compliance standards going forward.

“Compliance requires all certificate holders to develop and implement internal controls that ensure they’re operating according to the highest standards,” said FAA Administrator Michael Huerta. “Boeing has agreed to implement improvements in its design, planning, production and maintenance planning processes, and has already implemented several of these improvements.

The company also must make an immediate payment to the United States Treasury in the amount of $12 million and faces stiff penalties for failing to follow through on its commitments.

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