NewsWhats happening

Boeing also admitted to conspiracy to obstruct Federal Aviation Administration operations Boeing will pay $1.1 billion to avoid prosecution for two crashes of its 737 MAX jets. The agreement with the Justice Department requires the company to put $455 million toward strengthening its compliance, safety and quality programs, according to a Securities and Exchange Commission filing on Wednesday. Boeing will also give $444.5 million to the families of crash victims under the agreement, which was tentatively reached last month. Boeing is required to pay a criminal monetary penalty of $487.2 million, half of which was paid in 2021 under a previous agreement. The new deal means Boeing avoids a trial that was scheduled to start June 23 in connection with the two crashes, which left 346 people dead.

Excerpt from WSJ
Read the full article