Boeing 737 Max. Photo: Shutterstock
Its report did note the risk related to “potential adverse developments in new or pending litigation and/or government investigations.” Overseeing those legal matters is J. Michael Luttig, former general counsel and now chief counsel and adviser to Boeing’s chief executive.
October 23, 2019 at 03:18 PM
1 minute read
senior reporter
The original version of this story was published on Corporate Counsel
The Boeing Co. reported Wednesday that it recorded about $2 billion in losses during the third quarter related to the two crashes of its 737 MAX planes, but the number doesn’t include massive legal costs, settlements and penalties that loom in its future.
With $20 billion in revenue, the company still showed a profit, though it was 20% lower than the same quarter in 2018.
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