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Boeing Reaches $2.5 Billion 737 Max Settlement with U.S.

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Boeing will pay more than $2.5 billion in a settlement agreement with the Justice Department stemming from the 737 Max debacle, the government said on Thursday. The agreement resolves a criminal charge that Boeing conspired to defraud the Federal Aviation Administration, which regulates the company and evaluates its planes.

The Max was grounded worldwide in March 2019 after 346 people were killed in a pair of crashes in Indonesia and Ethiopia.

This is a developing story. Check back for updates.

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