Boeing has agreed to plead guilty to conspiracy to defraud the United States after it was charged over two crashes involving the company’s planes in which hundreds of people died, according to the Justice Department.
In a Sunday court filing, the Justice Department said that Boeing had agreed to pay a $487.2 million fine and invest $455 million in compliance and safety programs. The charges come after the government said Boeing violated a safety and inspection agreement with the DOJ. A judge has yet to approve the plea deal.
The agreement comes after two of Boeing’s 737 MAX 8s were involved in two fatal crashes. Nearly 200 people were killed in a crash near Indonesia in the Java Sea in 2018, and 157 individuals died in a crash in Ethiopia the following year.
“The parties have agreed in principle to the material terms of a plea agreement that would, among other things, hold…
