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VisitHow much will Boeing spend on compliance and safety measures by December 31, 2024?
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Publicly available financial reports from Boeing, announcements from the Justice Department, and news reports
Boeing to Plead Guilty to Criminal Conspiracy and Fraud Over 737 Max Crashes, Faces $487.2 Million Fine
Jul 8, 2024, 04:19 AM
Boeing has agreed to plead guilty to criminal conspiracy and a criminal fraud charge stemming from two deadly 737 Max crashes, the Justice Department announced. The plea deal allows Boeing to avoid a criminal trial and includes a fine of up to $487.2 million. The crashes, which occurred in 2018 and 2019, resulted in the deaths of 346 people. The company will also face three years of probation and is required to install a corporate monitor and spend $455 million on compliance and safety measures. Additionally, Boeing has agreed to pay a $243.6 million fine. This decision follows the government's determination that Boeing violated an agreement that had protected it from prosecution for over three years.
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