Boeing(US:BA) Xin Hua Wang·2025-05-24 02:00Group 1 - The U.S. Department of Justice has reached a non-prosecution agreement with Boeing regarding the conspiracy to defraud the Federal Aviation Administration in connection with two Boeing 737 MAX crashes [1] - Boeing will avoid conviction and will not attend the scheduled trial next month, while acknowledging conspiracy to obstruct federal regulators [1] - As part of the agreement, Boeing will pay over $1.1 billion in fines and compensation, including $243.6 million in additional criminal fines, $444.5 million for a victims' fund, and $445 million to enhance safety and compliance programs [1] Group 2 - The crashes of Lion Air and Ethiopian Airlines in 2018 and 2019 resulted in a total of 346 fatalities, both involving Boeing 737 MAX 8 aircraft [2] - In January 2021, the DOJ filed criminal charges against Boeing and reached a three-year deferred prosecution agreement, where Boeing agreed to pay over $2.5 billion in fines and compensation [2] - The deferred prosecution agreement is set to expire on January 7, 2024, and Boeing was found to have failed to make necessary improvements to prevent violations of anti-fraud regulations [2]