Boeing has agreed to plead guilty to defrauding the government in a lawsuit over two crashes of the 737 Max plane in 2018 and 2019, according to a court filing on Sunday.
The filing by the Justice Department in the U.S. District Court for the Northern District of Texas said the two parties have “agreement in principle on the terms of a proposed plea agreement.”
The agreement would include the guilty plea, after the DOJ alleged Boeing had violated a 2021 settlement, and an additional $243.6 million fine. It also requires the company to make a $455 million investment into improving its compliance and safety programs.
The company’s board of directors will also meet with the victims of the Lion Air Flight 610 and Ethiopian Airlines Flight 302 crashes as part of the agreement. The two crashes in 2018 and 2019, respectively, killed 346 people.
The company conf …