Boeing Agrees to Plead Guilty in 737 MAX Crashes
Boeing Agrees to Plead Guilty in 737 MAX Crashes
Boeing Agrees to Plead Guilty in 737 MAX Crashes
News summary

Boeing has agreed to plead guilty to a criminal fraud conspiracy charge, related to the 737 MAX crashes that led to 346 deaths in Indonesia and Ethiopia, resulting in a $243.6 million fine and potential fines up to $487 million. This plea deal, which requires court approval, would make Boeing a convicted felon, impacting its ability to secure government contracts. The company will also invest $455 million in compliance programs and undergo third-party monitoring. Victims' families have criticized the agreement for not holding Boeing accountable enough, while the plea allows Boeing to avoid a public trial and potentially facilitates its acquisition plans with a new CEO incoming.

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