Boeing is ready to plead guilty to conspiracy to commit fraud related to two 737 MAX crashes.
The admission clears Boeing of a U.S. Justice Department investigation into the 737 MAX crashes in Indonesia and Ethiopia.
The plea deal will require Boeing to pay a fine of $243.6 million, Reuters reports, citing the US Justice Department.
The charges relate to two 737 MAX crashes in Indonesia and Ethiopia in 2018 and 2019.
These incidents resulted in the deaths of 346 people.
A guilty plea could potentially impact the company's ability to secure lucrative government contracts with the U.S. Department of Defense and NASA.
Boeing faces criminal charges after Justice Department finds company violates fatal crash agreement
Earlier it was reported that the US Department of Justice would charge Boeing with criminal fraud .
Author: Elena Gutyro
