Reaches Conditional Agreement with Department of Justice
Boeing has avoided criminal prosecution as a result of its many perceived and real failings in the wake of the 737 Max tragedy. Boeing has entered into an agreement with the Department of Justice, which resolves the Department’s investigation into the Company relating to the evaluation of the Boeing 737 MAX airplane by the FAA. As part of Boeing’s resolution with DOJ, the Department has agreed to defer prosecution of the company, provided that Boeing abides by the obligations set forth in a three-year deferred prosecution agreement, after which time the charge will be dismissed. Under the agreement, Boeing will pay a penalty of $243.6 million and provide $500 million in additiona