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The US justice department has struck a deal with Boeing that allows the plane maker to avoid prosecution for defrauding aviation regulators, provided a federal judge approves the agreement, according to a securities filing.
The deal, signed by the two parties last week and detailed in a filing to the US Securities and Exchange Commission on Wednesday, confirms terms laid out in a tentative agreement submitted in court by the justice department last month.
It allows Boeing to withdraw an earlier guilty plea, which has angered family members who lost loved ones in two fatal crashes of the 737 Max in 2018 and 2019. Boeing will pay the families $444.5mn in compensation.
The families are fighting the deal in court. Boeing acknowledged in its securities filing the agreement settled the case “subject to court proceedings”.
