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.