Boeing Agrees To Plead Guilty To Fraud In Probe Into 737 MAX Crashes

Boeing will be fined under the deal and must invest a minimum of $455 million in "compliance and safety programs", while compensation for families will be determined by the court.

Boeing said Monday it had reached a deal with the US Department of Justice over two fatal 737 MAX crashes, which court papers show would see the aviation giant plead guilty to fraud.

The agreement comes after prosecutors concluded Boeing flouted an earlier settlement addressing the disasters, in which 346 people were killed in Ethiopia and Indonesia more than five years ago.

"We have reached an agreement in principle on terms of a resolution with the Justice Department, subject to the memorialization and approval of specific terms," Boeing told AFP in a statement.