WASHINGTON, Dec. 23 (UPI) — Boeing has agreed to pay $12 million in penalties and improve its auditing procedures in a five-year settlement with the Federal Aviation Administration.
The aerospace company found itself under scrutiny from federal regulators over the time it took to provide information about the possibility of a fuel tank fire happening on the company’s 747 and 757 commercial aircraft. Under the agreement, Boeing will have to pay an additional $24 million in fines over the next five years if it fails to complete required manufacturing and auditing improvements.
“This agreement reflects Boeing’s deep and shared commitment to safety, quality and compliance — a commitment that has helped make travel on large commercial airplanes the safest means of transportation in history,” Boeing said in a statement.
Boeing has agreed to use the FAA’s safety analysis modeling system to address issues of compliance, require quality audits from all of its departments, examine supplier quality through audits, and increase the frequency it reports to the FAA.
“It is imperative that everyone complies with our aviation system’s high safety standards,” U.S. Transportation Secretary Anthony Foxx said in a statement. “This agreement is an important step toward ensuring that Boeing fully meets all applicable compliance standards going forward.”
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