|Quoting EI321 (Reply 2):|
I dont get it, what could be worth spending $615m to cover up???
The money is partially a reimbursement and partially a penalty for defrauding the US government and violating DoD procurement rules.
Boeing's payments of $565 million for civil claims and $50 million to settle criminal investigations represent the approximate cost to taxpayers and the government of Boeing's activities, Justice Department officials said.
Boeing can pay up now and avoid the trial and its costs or it can try and fight the government in court in which case it will lose because the misdeeds have been well documented and pay far more in terms of money and bad publicity and possibily criminal charges and sanctions.
|Quoting Kaneporta1 (Reply 1):|
I think $615m is how much it costs to transfer composite structures technology from military programs to a certain civil progam...
No, it has to do with a series of procurement scandals involving bribery of DoD procurement personnel and misusing information obtained from former employees of competitors to help win DoD contracts.