09:33 AM EDT, 07/25/2024 (MT Newswires) -- Boeing ( BA ) and the US Department of Justice have finalized a plea agreement related to two fatal 737 MAX crashes, and filed it in court Wednesday.

Under the proposed plea agreement, filed in the US District Court for the Northern District of Texas, Boeing ( BA ) agrees to plead guilty to conspiracy to defraud the US, pay a $243.6 million fine and to invest at least $455 million in its compliance, quality and safety programs.

The court is asked by both the DOJ and Boeing ( BA ) to determine 'whether and in what amount restitution is owed to the families, whom the Court previously determined were directly and proximately harmed by Boeing's ( BA ) conduct as charged.'

Boeing ( BA ) confirmed to MT Newswires Thursday the company and the DOJ filed the plea agreement, subject to court approval.

"We will continue to work transparently with our regulators as we take significant actions across Boeing ( BA ) to further strengthen our safety, quality and compliance programs," Boeing ( BA ) said.

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