Boeing charged with 737 Max fraud conspiracy and fined $2.5bn

Boeing has entered into an agreement with the US Department of Justice (DOJ), which resolves the Department’s investigation into the company relating to the evaluation of the Boeing 737 MAX airplane by the Federal Aviation Administration (FAA). As part of Boeing’s resolution with DOJ, the Department has agreed to defer prosecution of the company, provided that Boeing abides by the obligations set forth in a three-year deferred prosecution agreement, after which time the charge will be dismissed. The criminal information charges the company with one count of conspiracy to defraud the United States. Under the agreement, Boeing will pay a