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Boeing, DOJ tell US judge they have not reached agreement on revised plea deal

WASHINGTON (Reuters) – The U.S. Justice Department and Boeing (NYSE:BA) told a court on Friday they have not reached agreement on a revised plea deal after a U.S. judge in December rejected the deal, faulting a diversity and inclusion provision.

Boeing and the government “continue to work in good faith toward” a new agreement, they said in a joint filing. They asked U.S. District Judge Reed O’Connor to give them until Feb. 16 to provide a new update.

In July, Boeing agreed to plead guilty plea to a criminal fraud conspiracy charge in the wake of two fatal 737 MAX crashes. The planemaker also agreed to pay a fine of up to $487.2 million and spend $455 million to improve safety and compliance practices over three years of court-supervised probation as part of the deal.

This post appeared first on investing.com

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