Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

THE BOEING COMPANY

(BA)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Boeing : Former Boeing test pilot pleads not guilty in 737 Max case

10/15/2021 | 07:18pm EST

FORT WORTH, Texas (AP) — A former Boeing test pilot pleaded not guilty Friday to charges that he deceived regulators by withholding information about a key system that played a role in two deadly crashes involving Boeing 737 Max jets.

Mark Forkner made his first appearance in federal court in Fort Worth since being indicted on six counts of fraud. A magistrate set trial for Nov. 15.

Outside the courthouse, his lawyer, David Gerger, said Forkner was a scapegoat. He said if the case goes to trial, “the truth will show that Mark did not cause this tragedy, he did not lie, and he should not be charged.”

Forkner’s is accused of withholding information about an automated flight-control system that misfired during the deadly flights, pushing the nose of each plane down based on a faulty sensor reading. Prosecutors say his actions led the Federal Aviation Administration to remove mention of the system from pilot manuals and training materials.

He is the first person to be charged with a crime in connection with the crashes in Indonesia and Ethiopia, which together killed 346 people. Families of passengers called for more prosecutions.

“Forkner is just a fall guy. He and Boeing are responsible for the deaths of everyone who died in the Max crashes,” said Nadia Milleron, whose daughter was killed in the Ethiopian crash in March 2019, five months after the first crash. “The executives and board of directors of Boeing need to go to jail.”

Milleron is among relatives suing the company in federal court in Chicago, where Boeing is based.

In January, Boeing agreed to a $243 million fine as part of a $2.5 billion settlement with the Justice Department. The government agreed not to prosecute Boeing for conspiracy if it lives up to terms of the settlement for three years.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission., source Associated Press News

All news about THE BOEING COMPANY
12/03Industrials Down After Weak November Jobs Report -- Industrials Roundup
DJ
12/03Notable quotes from the Reuters Next conference
RE
12/03Virent's bio-based fuel used in historic commercial passenger flight using 100% sustain..
AQ
12/03JETPACKS, FLYING CARS AND TAXI DRONE : transport's future is in the skies
RE
12/03Boeing's 737 Max Wins Airworthiness Directive In China
MT
12/02SIA Engineering to Distribute Spare Parts for Iacobucci's Galley Insert Products in Asi..
MT
12/02China easing rules for US business travellers, approvals in 10 days
RE
12/02China regulator says more testing needed to certify C919 aircraft
RE
12/02China's aviation regulator expects 737 MAX to resume flights around year-end
RE
12/02China regulator says more testing needed to certify C919 aircraft
RE
More news
Analyst Recommendations on THE BOEING COMPANY
More recommendations
Financials (USD)
Sales 2021 65 296 M - -
Net income 2021 96,6 M - -
Net Debt 2021 43 687 M - -
P/E ratio 2021 1 734x
Yield 2021 -
Capitalization 117 B 117 B -
EV / Sales 2021 2,46x
EV / Sales 2022 1,77x
Nbr of Employees 141 000
Free-Float 58,0%
Chart THE BOEING COMPANY
Duration : Period :
The Boeing Company Technical Analysis Chart | BA | US0970231058 | MarketScreener
Technical analysis trends THE BOEING COMPANY
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Last Close Price 198,49 $
Average target price 264,50 $
Spread / Average Target 33,3%
EPS Revisions
Managers and Directors
David L. Calhoun President, Chief Executive Officer & Director
Brian J. West Chief Financial Officer & Executive Vice President
Lawrence W. Kellner Non-Executive Chairman
Gregory L. Hyslop Chief Engineer, EVP-Engineering, Test & Technology
Susan Doniz Chief Information Officer & SVP-Data Analytics
Sector and Competitors
1st jan.Capi. (M$)
THE BOEING COMPANY-7.27%116 652
AIRBUS SE9.77%87 413
TEXTRON INC.49.49%15 926
AVIC ELECTROMECHANICAL SYSTEMS CO.,LTD.54.15%10 691
DASSAULT AVIATION SA-0.11%8 413
AVICOPTER PLC23.27%7 146