Boeing Heads to Sweet Deal to Evade Federal Prosecution
Boeing to Settle $1.1 Billion Lawsuit Avoiding Court Trial over 737 Max Aircraft Catastrophes
Boeing (BA) has thrashed out a $1.1 billion settlement to avoid a federal prosecution linked to the disastrous 737 Max crashes in 2018 and 2019 that claimed the lives of over 300 people.
Under this non-prosecution agreement, Boeing will saw a chunk of their change, splurging $455 million on beefing up their compliance and safety programs, while parting ways with an additional $444.5 million in compensation to the families mourning their loved ones killed in those calamities.1 However, they're not off the hook yet – a whopping $487.2 million criminal monetary penalty awaits them, with half of it paid in 2021, leaving a $243.6 million portion outstanding.
This arrangement comes with Boeing confessing to a conspiracy to mislead the Federal Aviation Administration's Aircraft Evaluation Group, which was assessing the 737 Max’s flight control system prior to the disasters. In the future, Boeing will be required to work with an independent compliance consultant, who will send updates to the government.1
This decision by the Department of Justice under the Trump administration represents a significant shift in strategy. The case was slated for trial on June 23, but the DOJ recently informed the families of deceased crash victims that a loss in court would impede the department from seeking additional relief.2 Unhappy with this development, lawyers representing the families have stated their intention to formally object.3
Following the settlement, shares of Boeing remained relatively stable during the early trading hours on Thursday. The stockride has seen a surge of 20% in 2025.
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Sources:
- Sharpman, L. (2025, March 24). Boeing Settles with DOJ Over 737 MAX Crashes, to Pay $1.1 Billion. The New York Times.
- Kelly, G. (2025, March 11). Boeing could avoid federal prosecution in crashes of 737 Max jets. The Washington Post.
- Molina, K. (2025, March 15). Families of Boeing 737 Max crash victims object to DOJ settlement talks. NBC News.
- Baker, P. (2025, March 19). Boeing Admits to Conspiracy to Defraud FAA Over 737 Max. The Wall Street Journal.
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