Without admitting or denying the SEC’s findings, Boeing and Muilenburg consented to cease-and-desist orders that include penalties of $200 million and $1 million, respectively. The twin tragedies killed 346 people and prompted one of the longest groundings in aviation history. The SEC enforcement action is one of the last remaining government investigations. Boeing had cautioned in its most recently quarterly filing that the “outcome of which may be material.” Boeing paid a $243.3 million fine as part of a $2.5 billion settlement with the US Justice Department to end a criminal investigation in January 2021.
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