Boeing and U.S. Prosecutors Target New Agreement in 737 MAX Case

Investing.com -- Boeing Co. and U.S. prosecutors are negotiating a new agreement to resolve the criminal case related to two fatal 737 MAX crashes. This development follows a federal judge's prior rejection of a proposal that included race criteria in the selection of a compliance monitor.

The Department of Justice and Boeing are collaborating to revise the proposed agreement text. The goal is to address the court's previous reasons for rejection. Lawyers from the institution's fraud division and company representatives reported this development to the judge on Friday, which has been entered into the court records.

The restructuring of the agreement will involve the removal of the race factor in the selection of the compliance monitor and addressing other concerns raised by the court. Boeing and prosecutors are making efforts to find a reliable and fair resolution.

The investigation initiated after the two fatal crashes of the 737 MAX aircraft has scrutinized Boeing's practices regarding aircraft safety. The new agreement aims to ensure that the company acknowledges its responsibilities and takes necessary measures to prevent similar incidents in the future.

Financial markets are closely monitoring these developments. The resolution of the agreement could help Boeing rebuild its reputation and enhance investor confidence. However, how the process will unfold and the details of the final agreement remain unclear.