Boeing and its former chief executive Dennis Muilenburg have agreed to pay millions of dollars to resolve charges they misled investors about two deadly crashes of the company’s 737 Max aircraft.
The aerospace manufacturer agreed to pay a penalty of $200mn to settle the allegations by the US Securities and Exchange Commission, while Muilenburg will pay $1mn. Neither the company nor Muilenburg admitted or denied the SEC’s findings.
The settlements stem from a pair of crashes in 2018 and 2019 off the coast of Indonesia and in Ethiopia. Together the accidents killed 346 people.
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