Overview

• The Justice Department and Boeing reached an agreement in principle requiring Boeing to pay over $1.1 billion, including $445 million for crash victims' families and $455 million for safety and compliance improvements.
• The deal allows Boeing to avoid criminal prosecution for allegedly misleading regulators about the 737 Max's flight control system implicated in two crashes that killed 346 people in 2018 and 2019.
• Under the agreement, Boeing will not plead guilty, and the company will no longer face oversight by an independent monitor but must retain a compliance consultant.
• Families of crash victims are divided, with some opposing the deal as inadequate accountability and others seeking closure through financial restitution.
• The written agreement is expected to be finalized and filed by the end of next week, canceling a June 23 trial date on fraud charges.