The deal, which still requires the approval of a federal judge, will see the company pay a fine of almost $250m and invest at least $455m in improving safety
Boeing will plead guilty to a criminal fraud charge stemming from two deadly crashes of 737 Max jetliners, after the government determined the company violated an agreement that had protected it from prosecution for more than three years, the US justice department said on Sunday night.of entering a guilty plea and paying a fine as part of its sentence, or facing a trial on the felony criminal charge of conspiracy to defraud the US.
A guilty plea potentially threatens the company’s ability to secure lucrative government contracts with the likes of the US defence department and Nasa, although it could seek waivers. Boeing became exposed to criminal prosecution after the justice department in May found the company violated a 2021 settlement involving the fatal crashes.
Boeing confirmed to the New York Times and Reuters that the company reached an agreement with the justice department, but declined to comment further.
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