Boeing agrees $12m settlement with US regulators

Chris Papadopoullos
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Boeing Delivers Its First 787 Dreamliner
The fine is equivalent to one thirty-third of the value of a Boeing 747-8 (Source: Getty)

Aircraft maker Boeing, which has over 2000 workers in the UK, has agreed a $12m (£8.1m) settlement with US regulators.

The Federal Aviation Authority (FAA) said today that the settlement resolves multiple pending and potential enforcement cases. The first case involved Boeing's provision of information regarding the installation of fuel tank flammability reduction equipment. It also said the firm took insufficient action after discovering it had been provided with incorrectly shaped components by a supplier.

“It is imperative that everyone complies with our aviation system’s high safety standards,” said US transportation secretary Anthony Foxx.

“This agreement is an important step toward ensuring that Boeing fully meets all applicable compliance standards going forward.”

“Compliance requires all certificate holders to develop and implement internal controls that ensure they’re operating according to the highest standards,” said FAA administrator Michael Huerta.

“Boeing has agreed to implement improvements in its design, planning, production and maintenance planning processes, and has already implemented several of these improvements.”

The FAA said the payment must be made to US Treasury "immediately" and said the firm "faces stiff penalties for failing to follow through on its commitments".

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