Boeing

Doug Bain, Boeing senior vice president, Law, today issued the following statement:

"Boeing and the Department of Justice have reached a tentative settlement of investigations by U.S. Attorneys in Virginia and California regarding the Darleen Druyun and EELV matters. Under the agreement, Boeing will pay $565 million to resolve potential civil claims and a monetary penalty of $50 million. Boeing will accept responsibility for the conduct of its employees and make additional commitments regarding ongoing compliance. No charges will be filed. The agreement is expected to be signed in the next few weeks."