Boeing, FAA, Criticized in Congressional 737 Max Investigation

A pair of fatal crashes involving the Boeing (NYSE: BA) 737 Max were "a horrific culmination of a series of faulty technical assumptions by Boeing's engineers, a lack of transparency on the part of Boeing's management, and grossly insufficient oversight by the [Federal Aviation Administration]," according to a scathing Congressional report.

The 737 Max has been grounded since March 2019 after two crashes that led to a combined 346 deaths. The crashes have been attributed primarily to a single system, called MCAS, but the House Committee on Transportation and Infrastructure, following a lengthy investigation, has concluded there is plenty of blame to go around.

Image source: Boeing.

Source Fool.com