Boeing pleads guilty in 737 Max crash: 7.2 million fine

Boeing said it has “reached a settlement” with the US Department of Justice over two deadly 737 Max crashes more than five years ago. “We have reached a tentative agreement on the terms of the resolution with the Department of Justice,” the company said in a statement to AFP, adding that the deal was subject to “the approval of certain conditions.”

Reuters had earlier quoted a US government official as saying that Boeing had agreed to plead guilty to conspiracy to commit criminal fraud to resolve a US Justice Department investigation.

The accusation refers to Two accidents In Indonesia and Ethiopia in 2018 and 2019, it killed 346 people.

Under the tentative agreement with U.S. prosecutors, Boeing faces a criminal fine of $487.2 million, the maximum allowed by law, though the actual amount will be determined by a judge.

The company will install a corporate screen and must spend at least $455 million to enhance its compliance and security programs over the next three years as part of the settlement, which requires court approval.

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