Boeing to Pay $2.5 Billion to Settle 737 MAX Criminal Probe

Boeing (NYSE: BA) has reached a settlement with the Department of Justice to resolve a criminal investigation into the development of its 737 MAX, with the aerospace giant agreeing to pay $2.5 billion in fines and compensation and admitting wrongdoing.

The company said late Tuesday it had entered into a deferred prosecution agreement with the Justice Department, ending a two-year criminal investigation into Boeing following a pair of 737 MAX crashes that killed 346 people. Boeing's reputation has taken a hit as information has come to light about the development of the 737 MAX.

Image source: Boeing.

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Source Fool.com