Boeing confirmed it had filed a detailed plea agreement with the Justice Department.
"We will continue to work transparently with our regulators as we take significant actions across Boeing to further strengthen our safety, quality and compliance programs," the company said.
As part of the deal, the planemaker agreed to spend at least $455 million over the next three years to boost safety and compliance programs, the filing said.
The deal also imposes an independent monitor, who will have to publicly file annual progress reports, to oversee the firm's compliance.
Boeing will be on probation during the monitor's three-year term and it can be extended by a year if Boeing does not comply with the terms.
Persons:
Reed O'Connor
Organizations:
Department, Boeing, Federal Aviation Administration, Justice Department, Max