Boeing Agrees to Pay $12 Million

Press Release WASHINGTON – The U.S. Department of Transportation’s Federal Aviation Administration today announced a comprehensive settlement agreement with Boeing Commercial Airplanes (BCA) that resolves multiple pending and potential enforcement cases.   Under the agreement, BCA pledged to implement and improve several certification processes to further enhance the airworthiness and continued compliance of all BCA products. “It is imperative that everyone complies with our aviation system’s high safety standards,” said U.S. Transportation Secretary Anthony Foxx.  “This agreement is an important step toward ensuring that Boeing fully meets all applicable compliance standards going forward.”   In other news Zacks Investment Research Downgrades Boeing Co (BA) to Hold Posted by Nolan Pearson on Dec 24th, 2015 // No Comments   Boeing Co (NYSE:BA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday, Marketbeat.com reports. According to Zacks, “Boeing once again reported impressive third quarter results with higher profits (up 18% year over year) and strong cash flows (up 72%). Revenues in the third quarter rose 9% mostly due to higher commercial planes deliveries. It also lifted its 2015 EPS guidance following its third-quarter upside. Boeing is the largest aircraft manufacturer in the world in terms of revenue, orders and deliveries, and one of the largest aerospace and defense contractors. Demand for its commercial airplanes is on the rise due to a steady improvement in passenger and freight traffic on the back of a recovering global economy. Nonetheless, Boeing continues to face challenges from U.S. defense budget cuts, the uncertain fate of high-cost programs, risks related to key project executions and order cancellations.” In other news, SVP Anthony M. Parasida sold 11,690 shares of the firm’s stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $147.68, for a total value of $1,726,379.20. Following the transaction, the senior vice president now owns 45,513 shares of the company’s stock, valued at approximately $6,721,359.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. http://www.wkrb13.com/markets/975719/zacks-investment-research-downgrades-boeing-co-ba-to-hold/

Date: December 22, 2015 Contact: Ian Gregor Email: ian.gregor@faa.gov