Monday, May 15, 2006

Boeing Settles with Govt: $615M

Boeing has agreed to pay $615 million to end federal investigations into government contracting improprieties. One scandal involved the improper recruitment of an Air Force procurement officer; another involved documents acquired from rival Lockheed Martin. Details of the deal are still being worked out. Boeing will acknowledge improper behavior by some employees but will not concede that the company could be convicted of a crime. The agreement will call the payment a "monetary penalty" rather than a "criminal penalty."The Seattle Times: Business & Technology: Price of Boeing scandals: $615 million U.S. penalty, Seattle Times, May 15, 2006.

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