Boeing Co (NYSE:BA) has reportedly been approved by the U.S. Department of Justice to avoid criminal prosecution for breaching terms of a 2021 settlement linked to issues with its 737 Max 8 model, which led to two fatal plane crashes in 2018 and 2019.
Instead, the Justice Department intends to propose Boeing a deferred prosecution agreement, typically applied to impose monitoring and compliance requirements on businesses accused of financial crimes or corruption, rather than seeking company conviction, The New York Times reported, citing people familiar with the discussions.
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