Boeing To Pay $2.5 Billion Over 737 Max Fraud, Faces No Other Charges : NPR

Boeing will pay more than $2.5 billion to settle criminal charges that it repeatedly concealed and lied about the 737 Max’s engineering problems that led to two catastrophic crashes claiming hundreds of lives.

The company admitted to one count of conspiracy to defraud the United States as part of the deferred prosecution agreement announced on Thursday and will face no further charges from the U.S. Department of Justice.

“Boeing’s employees chose the path of profit over candor by concealing material information from the FAA concerning the operation of its 737 Max airplane and engaging in an effort to cover up their deception,” Acting Assistant Attorney General David Burns of the Justice Department’s Criminal Division, wrote in a statement.

Boeing, which is the country’s second-biggest defense contractor behind Lockheed Martin, will pay the DOJ a criminal penalty of $243.6 million.

Source: Boeing To Pay $2.5 Billion Over 737 Max Fraud, Faces No Other Charges : NPR