WASHINGTON — Boeing Co. has confirmed that securities regulators are investigating the company in connection with the 737 Max, which was grounded after two deadly crashes.
Boeing disclosed the Securities and Exchange Commission investigation in a regulatory filing Friday.
The filing provides few details of the probe beyond saying that Boeing is cooperating with government investigations including those by the Justice Department and the SEC. Boeing said it cannot estimate possible losses that could result from lawsuits and investigations.
Boeing said that in preparing financial statements, it made assumptions about the outcome of accident investigations and the expected costs it would bear in 2020 and 2021 from the Max’s grounding. It didn’t disclose those assumptions, but said they are “highly uncertain and significantly affect the estimates inherent in our financial statements.”
