The US justice department has struck a deal with Boeing that allows the plane maker to avoid prosecution for defrauding aviation regulators, provided a federal judge approves the agreement, according to a securities filing.
Signed by the two parties last week and detailed in a filing to the US Securities and Exchange Commission on Wednesday, it confirms terms laid out in a tentative agreement submitted in court by the Department of Justice last month.
It allows Boeing to withdraw an earlier guilty plea, which has angered family members who lost loved ones in two fatal crashes of the 737 Max in 2018 and 2019 that claimed the lives of a combined 346 people. Boeing will pay the families $444.5mn in compensation.
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