US Department of Justice finalizes plea deal with Boeing

The US Department of Justice has provided details of its plea deal with Boeing. The aviation company will plead guilty to a felony charge of defrauding the US government and pay a fine of $243.6 million. Boeing admitted to defrauding the Federal Aviation Administration when seeking approval for the 737 Max plane. The plea deal is subject to court approval. Boeing plans to work transparently with regulators to strengthen safety and compliance programs. As part of the deal, Boeing’s board of directors will meet with victim families and their legal representatives, and the company will invest at least $455 million into compliance, quality, and safety programs.