06:13 AM EDT, 05/27/2025 (MT Newswires) -- (Updates with more details on the agreement in the fourth paragraph.)

Boeing ( BA ) and the US government agreed in principle to the terms of a non-prosecution agreement relating to two 737 Max crashes that occurred more than six years ago, according to a court filing Friday.

"The parties are proceeding expeditiously to memorialize the terms into a written agreement," according to the filing.

Boeing ( BA ) declined to comment to MT Newswires.

Several media outlets reported the agreement, stating Boeing ( BA ) will pay more than $1.1 billion in fines and compensation to victims' families, and over $455 million to improve its compliance, safety, and quality programs.

Shares of Boeing ( BA ) were up over 1% in recent premarket activity Tuesday.