Boeing is facing significant legal and financial challenges as the U.S. Department of Justice (DOJ) prepares to charge the aerospace giant with criminal fraud related to two fatal plane crashes in 2018 and 2019. The DOJ is negotiating a plea agreement with Boeing, which may include a criminal fine of $243.6 million in addition to a previously paid amount. The charges stem from a settlement violation. Families of the crash victims have expressed strong opposition to the proposed plea deal, labeling it a 'sweetheart deal.' Prosecutors are seeking a guilty plea from Boeing. In a related development, Boeing has announced an all-stock deal to acquire Spirit AeroSystems for $4.7 billion, valued at $37.25 per share, a move seen as an effort to stabilize its supply chain. Airbus is also involved in the Spirit AeroSystems deal, set to receive $559 million in compensation and potentially acquiring some of Spirit's assets in Scotland and Malaysia.
Explainer: How a Boeing plea deal could affect the planemaker https://t.co/tSrv4rGYTF https://t.co/RyYynROXc3
The future of a major British aerospace plant is in doubt with up to 2,400 jobs at risk following a carve-up of owner Spirit AeroSystems between Boeing and Airbus. https://t.co/MJi80JXRzE
How a Boeing plea deal could affect the planemaker. Read more: https://t.co/3SGqfwDe9j https://t.co/nmjSBxDd7a
Explainer-How a Boeing plea deal could affect the planemaker https://t.co/pRIcl7Q03B
Boeing-Spirit: How jetmakers divided up the struggling supplier https://t.co/05P77idI7O https://t.co/LQwWDgbIK3
How jetmakers divided up struggling supplier Spirit AeroSystems https://t.co/jDyLNEiIrt
🔵 HOW JETMAKERS DIVIDED UP STRUGGLING SUPPLIER SPIRIT AEROSYSTEMS Hashed out in three-way talks between plane giants and one of their key suppliers, Boeing's $4.7 billion deal to buy back Spirit AeroSystems is a rare triangular deal born out of crisis. Full Story via Reuters…
Why is Boeing buying anything? https://t.co/R5oKzPh5Wf
Boeing’s deal to acquire Spirit Aerosystems $SPR is a head-scratcher, says @NewConstructs CEO David Trainer: “This feels like a bit of a Hail Mary.” ✈️ @theRealDTrain37 shares his thoughts on the deal and the issues plaguing $BA with @NPetallides.
US Global Jets ETF $JETS 30-day option implied volatility is at 25; compared to its 52-week range of 19 to 33
LISTEN NOW: Boeing buys Spirit Aerosystems for $4.7 billion as the company considers a plea deal from the DOJ on its 737 Max crashes. Listen and follow the @moneymoverscnbc podcast here: https://t.co/gphQTkkz5U https://t.co/YXXl4A4tMy
Ball Corporation $BALL 30-day option implied volatility is at 22; compared to its 52-week range of 16 to 70. August 55 put active on 3200 contracts at 50c, 2100 contracts at 45c
Airbus may end up owning some Spirit Aero assets in Scotland, Malaysia https://t.co/0XtsuLn7WN https://t.co/i8h6pfmIyk
Boeing to reacquire spun-off supplier Spirit AeroSpace to shore up safety https://t.co/oafF9XyTaq
CSX Corp. $CSX 30-day option implied volatility is at 21; compared to its 52-week range of 15 to 28 with a focus on July 5 weekly 33.50 calls.
🔵 AIRBUS MAY END UP OWNING SOME SPIRIT AERO ASSETS IN SCOTLAND, MALAYSIA Airbus may end up owning some assets of Spirit AeroSystems in Scotland and Malaysia if the transatlantic supplier is unable to find a buyer for them, a filing from the aerostructures company showed on…
Qualcomm $QCOM 30-day option implied volatility is at 35; compared to its 52-week range of 22 to 43
Boeing could have a corporate monitor under an expected settlement with the Justice Department to resolve potential charges. https://t.co/UQOrSr1TbH
Spirit AeroSystems $SPR 30-day option implied volatility is at 31; compared to its 52-week range of 30 to 104. Call put ratio 43 calls to 1 put with focus on July 35 calls.
Boeing $BA 30-day option implied volatility is at 33; compared to its 52-week range of 22 to 39 into buying back Spirit AeroSystems Holdings $SPR for $37.25 a share in an all-stock deal that values the supplier at $4.7B.
Troubled Boeing takes control of manufacturer Spirit after mid-air blowout Read more 🔽 https://t.co/z2CC3BnrUk
Boeing just committed to buying Spirit (no, not that one) https://t.co/cR1tMz5lkw
$BA has agreed to buy $SPR, however, “there’s no guarantee that Boeing will be able to manage it any better than they can manage their own operations,” according to Boyd Group International president Mike Boyd. https://t.co/1myzQNM7UD
Airbus agrees to pay $1 for Spirit AeroSystems assets in deal sparked by Boeing 737 Max blowout https://t.co/Q3lMgPsFWT
Boeing should settle criminal fraud charges as long as it can continue to bid on defense and space contracts, @tomwblack says https://t.co/EYrhGsEr80 via @opinion
Factbox-Boeing, Airbus carve out Spirit Aero's global plants https://t.co/N0O0GtBxV1
Boeing should settle criminal fraud charges as long as it can continue to bid on defense and space contracts, @tomwblack says https://t.co/3ttfERG8jE
MyPOV: so many bad habits learned by McDonnell Douglas that must be unlearned. @Boeing Scoops Up Spirit AeroSystems, Its Troubled 737 Supplier https://t.co/NxOQO3zZ9c
Airbus is going discount shopping once more, this time for assets being offloaded by Spirit for a symbolic $1 https://t.co/9SCyZ7ffME
$BA #BOEING SHARES FALL 1.1% IN PREMARKET TRADING AFTER ANNOUNCING ALL-STOCK DEAL TO BUY SPIRIT AERO FOR $4.7 BLN
$BA BOEING SHARES FALL 1.1% IN PREMARKET TRADING AFTER ANNOUNCING ALL-STOCK DEAL TO BUY SPIRIT AERO FOR $4.7 BLN
BOEING SHARES FALL 1.1% IN PREMARKET TRADING AFTER ANNOUNCING ALL-STOCK DEAL TO BUY SPIRIT AERO FOR $4.7 BLN
Families of the victims of two fatal Boeing crashes are tonight furious at the prospect of a "plea deal", between the U-S Justice Department and the aviation giant. #9News https://t.co/yYG6cPTdcM
Boeing confirme le rachat de Spirit Aerosystems pour 4,7 milliards USD https://t.co/27aX20EpgS
"DOJ to offer Boeing plea agreement for fatal crashes; relatives of victims slam 'sweetheart deal.'" (via @ganjansen) https://t.co/YokZdycqts
#Airbus says to get $559 mln compensation under Spirit Aero deal
Airbus to take over some Spirit operations in Belfast https://t.co/zkh3KWUkx9
Airbus says to get $559 mln compensation under Spirit Aero deal https://t.co/NFI7eeCQw2 https://t.co/Yx8fMMEv0Z
Airbus says to get $559 million compensation under Spirit Aero deal https://t.co/6wy79OWcIv
🔵 AIRBUS SAYS TO GET $559 MILLION COMPENSATION UNDER SPIRIT AERO DEAL Europe's Airbus on Monday set out the terms under which it plans to buy certain loss-making activities of Spirit AeroSystems as part of a planned wider break-up of the supplier between Airbus and rival… https://t.co/rtP6q0NxDj
The US Department of Justice (DOJ) is reportedly hitting the plane maker with a criminal fraud charge over two fatal plane crashes in 2018 and 2019. https://t.co/6LR4AkBDBD
Federal prosecutors meet with Boeing, crash victims' relatives ahead of looming charging decision: report https://t.co/rAgX1fXWWg
DOJ To Offer Boeing "Sweetheart Plea Deal" For Criminal Fraud As Boeing Agrees To Buy Spirit Aero For $4.7BN https://t.co/iKWbYnssQY
US to offer Boeing 'sweetheart deal', lawyer says https://t.co/iZ7gYjFdW1
Prosecutors to Seek Guilty Plea From Boeing Tied to 737 MAX Crashes https://t.co/H20DOtPwKw
CNBC Daily Open: U.S. seeks Boeing guilty plea https://t.co/rDR4JdxeR4
DOJ TO PRESENT BOEING WITH PLEA DEAL THAT FAMILIES OF 2018, 2019 CRASH VICTIMS SAY FALLS SHORT: LAWYERS
Families of Boeing victims object to its proposed 'sweetheart plea deal' with the DOJ, attorney says https://t.co/IUYngQnkk4
So you're telling me a wave of press goes out about @Boeing being charged with criminal fraud and not even an hour later a fresh blanket of press goes out about them acquiring @SpiritAero? How timely!
So you're telling me a wave of press goes out about @Boeing being charged with criminal fraud and not even an hour later a fresh blanket of press goes out about them acquiring @SpiritAirlines? How timely!
$BA: it’s a news when the $BA management who willfully caused the deaths of hundreds of passengers are jailed. “Criminal fraud” sounds like possible fine. https://t.co/uhUTi7GPK6
Justice Department to Criminally Charge Boeing for Breaching 737 Max Settlement: Reports https://t.co/CYqfQPLkX3 https://t.co/pO0lZKdDe9
BOEING AGREES TO BUY SPIRIT AERO FOR $37.25/SHR: RTRS $SPR They have to buy them to hide their incompetence
Boeing Likely to Face Fraud Charges. What That Means. https://t.co/EQyPa2hiXt
Bloomberg reports the DOJ will inform Boeing that it will have to pay a criminal fine of $243.6 million on top of the $243.6 million already paid https://t.co/W4FqfxJolD
US accused of offering Boeing ‘sweetheart deal’ over fatal crashes https://t.co/4PsXkN2nPG
NEWS: The US Justice Department has told Boeing that it will charge the planemaker with fraud. https://t.co/vzWfrvAQ3E
U.S. NEGOTIATING PLEA AGREEMENT WITH BOEING ARISING FROM FATAL-CRASHES SETTLEMENT VIOLATION, SOURCES SAY
Boeing on edge as it awaits fateful decision from DOJ https://t.co/QcNNLIMTWQ by @alexiskweed
Exclusive-US prosecutors meeting with Boeing, crash victims as criminal charging decision looms, sourc... https://t.co/DvevPNALuB