Arlington, May 24 -- Boeing has reached a non-prosecution agreement with the US Department of Justice (DOJ), allowing the aerospace company to avoid criminal charges linked to two fatal 737 Max crashes in 2018 and 2019 that killed 346 people.
As part of the deal, Boeing will pay over $1.1 billion (£867 million), which includes a $487.2 million criminal fine and $444.5 million for a new compensation fund for victims' families.
The company will also commit hundreds of millions of dollars to improve its compliance, safety, and quality control systems.
The DOJ described the agreement as "a fair and just resolution that serves the public interest," stating it ensures "further accountability and substantial benefits from Boeing immediate...