Boeing to pay USD6.6m in penalties to FAA over failure to meet performance obligations

US FAA reported (25-Feb-2021) it has assessed USD5.4 million in deferred civil penalties against Boeing for failing to meet all of its performance obligations under a 2015 settlement agreement. Boeing aircraft manufacturer also agreed to pay USD1.2 million to settle two pending FAA enforcement cases. Under the 2015 agreement, Boeing pledged to change its internal processes to improve and prioritise regulatory compliance. The agreement required the company to meet specific performance targets, and authorised the FAA to assess deferred penalties if it failed to do so. The 2015 agreement prevents Boeing from appealing the FAA's penalty assessment, and the five year term of this agreement has ended. Boeing previously paid USD12 million in civil penalties as an initial condition of the 2015 agreement. The terms of this new settlement were reached at the end of Dec-2020. [more - original PR]