Boeing Seeks Revised Plea Deal Over 737 MAX Allegations

Boeing is negotiating a revised plea agreement with the Justice Department regarding alleged misrepresentations to U.S. regulators about the 737 MAX's key system. CEO Kelly Ortberg mentioned this development at a Senate hearing. The company's previous plea to fraud charges included a potential $487.2 million fine after fatal crashes.

Boeing is actively engaging with the Justice Department to renegotiate a plea agreement concerning its alleged misrepresentations to U.S. regulators about the 737 MAX aircraft system, CEO Kelly Ortberg disclosed on Wednesday.

During a Senate hearing, Ortberg revealed that Boeing aims to reach a new agreement following a judge's rejection of the initial deal. He emphasized his desire for a swift resolution, stating, "I want this resolved as fast as anybody."

In July, Boeing faced a guilty plea for criminal fraud conspiracy after two deadly 737 MAX crashes, with a judge setting a June 23 trial date if no final agreement is reached. The company also agreed to pay a potential fine of up to $487.2 million.

(With inputs from agencies.)