Boeing

The Justice Department says it has reached an agreement in principle with Boeing to drop a criminal case over two fatal crashes of 737 Max jets, despite objections from some victims' family members.

Boeing's CEO admits the company "made serious missteps" that hurt the safety of its planes. But denies the company pressures workers to speed up airplane production.

A federal judge in Texas has rejected a plea deal between Boeing and the U.S. Justice Department, saying the court should play a bigger role in selecting an independent monitor to oversee the company.

Boeing’s machinists union leaders are endorsing the company’s latest contract offer, setting the stage for a vote on Monday that could end the seven-week strike.

Boeing overcharged the Air Force nearly $1 million for spare parts on C-17 cargo planes, including an 8,000% markup for simple lavatory soap dispensers, according to the Pentagon's inspector general.

Pensions are a major sticking point between Boeing and its striking machinists union. Many workers want the company to restore the pension plan they lost a decade ago, but Boeing hasn’t budged.

Striking machinists voted to reject an agreement that would have boosted wages by 35%. It’s another blow for Boeing, which reported a $6 billion quarterly loss on Wednesday.

Boeing reported a staggering loss of $6 billion in the third quarter. The disappointing earnings report comes the same day as striking machinists are voting on a new contract offer.

The latest proposal includes a 35% general wage increase over four years — bringing it closer to the union's original ask for 40%. Boeing previously offered a 25% raise over the life of the contract.

Boeing has been losing money for over five years and is now dealing with a strike that has shut down factories in the Seattle area. The staff cuts will include executives and managers, the CEO said.