Boeing strikes $1.1 billion deal with Justice Department over deadly 737 Max crashes—and must pay $445 million to victims’ families

Quick Summary:

Boeing will pay and invest more than $1.1 billion, including an additional $445 million for the crash victims’ families.

After the second crash, Max jets were grounded worldwide until the company redesigned MCAS to make it less powerful and to use signals from two sensors, not just one.

The Max planes crashed after a faulty reading from the sensor pushed the nose down and pilots were unable to regain control.

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Article Details

Author / Journalist: Alanna Durkin Richer, The Associated Press

Category: EconomyBusiness

Markets: United States

Topics: U.S. Justice Department Boeing 737 Max Justice Department Boeing Boeing 737

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-23 @ 20:04:10 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 504 words

Reading Time: 3 minutes read

Sentences: 5 lines

Sentence Length: 101 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28928666

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Official Website: fortune.com

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