Boeing has signed a $1.1 billion deal with the Department of Justice (DOJ) that allows the aerospace giant to avoid criminal prosecution for deceiving federal regulators before two deadly 737 MAX crashes.
Under a final non-prosecution agreement, signed on May 29 and disclosed in a June 4 filing with the Securities and Exchange Commission, Boeing admitted to conspiring to defraud the Federal Aviation Administration (FAA) and agreed to pay nearly half a billion dollars to the families of the 346 victims of the crashes, along with additional fines and investments in safety and compliance.