Boeing Strikes Deal with DOJ to Avoid Criminal Charges Over 737 Max Crashes

Boeing and the Department of Justice have reached an “agreement in principle” that will keep the airplane manufacturer from facing criminal charges for allegedly misleading regulators about safety features on its 737 Max plane before two separate crashes that killed 346 people. The tentative deal, according to a court filing, will see Boeing pay out $1.1 billion in penalties and safety investments, as well as set aside an additional $444 million for the families of victims involved in the crashes. Boeing’s payments will include $487.2 million paid as a criminal monetary penalty and $455 million to “strengthen the Company’s compliance, safety, and quality programs.” The company will also promise to “improve the effectiveness of its anti-fraud compliance and ethics program” to hopefully avoid the whole allegedly lying to the government thing. The DOJ is also requiring Boeing’s Board of Directors to meet with the families of victims to “hear directly from them about the impact of the Com ... Read full article.