Boeing has agreed to pay $2.5 billion to resolve a criminal charge connected to the information it provided regarding the evaluation of its 737 MAX jets, two of which crashed, killing 346 people.
The Department of Justice said Thursday the manufacturer conspired to defraud the Federal Aviation Administration’s Aircraft Evaluation Group of needed information.
Boeing agreed to a deferred prosecution of the case, which is being handled in the Northern District of Texas, the DOJ said.
Under the terms of the deal, Boeing will pay $243.6 million in a penalty and another $1.77 billion in compensation to customers.
It also will establish a $500 million fund to compensate heirs, relatives and legal beneficiaries of the passengers who died in the demise of Lion Air Flight 610 and Ethiopian Airlines Flight 302. (Read more from “Boeing to Pay $2.5 Billion to Resolve Criminal Charge Over 737 MAX Disasters” HERE)