The Boeing Company
Boeing concealed critical facts concerning the 737 MAX airplanes from investors, including the fact that Boeing designed and sold as "extras" or "optional features" safety features designed to prevent accidents such as the Lion Air and Ethiopian Airline crashes. Boeing also hid the fact that most airlines, including United, did not purchase these safety features. In addition, Boeing failed to disclose that Boeing had received delegated authority from the FAA over the safety analysis of the Maneuvering Characteristics Augmentation System (MCAS) the system reportedly responsible for the crashes that the Company delivered to the FAA, all while rushing the 737 MAX to market. Boeing knew that it had a clear conflict of interest and that its certification was undermined by the Company's desire to rush the 737 MAX to market, despite decreased safety, in order to compete with Airbus.