"We can confirm that 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," CNBC quoted the company as saying.
The plea deal will install an independent monitor to oversee the plane maker's compliance for three years. Boeing will also have to invest at least $455 million in compliance and safety programs, CNBC said.
The Justice Department notified Boeing in May that it was subject to criminal prosecution after it had determined that the company breached a 2021 settlement that had Boeing pay $2.5 billion in penalties and vow to improve its safety and compliance protocols.
Federal prosecutors recently recommended to senior Justice Department officials that Boeing be prosecuted for failing to improve the safety of its aircraft after a series of mishaps this year, including a door panel that blew out of an Alaska Airlines flight shortly after the takeoff, a source familiar with the matter told Sputnik.