July 24 (Reuters) - The Justice Department said Boeing ( BA )
had agreed to plead guilty to a criminal fraud conspiracy
charge and pay a fine of $243.6 million after the planemaker
breached a 2021 deferred prosecution agreement, according to a
court filing on Wednesday.
Boeing ( BA ) on July 7 agreed in principle to plead guilty to
conspiring to defraud the Federal Aviation Administration after
the government said the planemaker knowingly made false
representations about key software for the 737 MAX.
Families of the 346 people killed in two Boeing 737 MAX
crashes in 2018 and 2019 will be able to file objections before
Judge Reed O'Connor will decide whether to accept the deal and
to determine if Boeing ( BA ) owes restitution of the families of those
killed.
Boeing ( BA ) confirmed it had filed a detailed plea agreement with
the Justice Department. "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," the company said.
As part of the deal, the planemaker agreed to spend at
least $455 million over the next three years to boost safety and
compliance programs, the filing said. Boeing's ( BA ) board will have
to meet with relatives of those killed in the MAX crashes within
four months of sentencing, the filing added.
The deal also imposes an independent monitor, who will
have to publicly file annual progress reports, to oversee the
firm's compliance. Boeing ( BA ) will be on probation during the
monitor's three-year term and it can be extended by a year if
Boeing ( BA ) does not comply with the terms.