Boeing to Plead Guilty to Fraud for Violating Deal Over 737 Max Crashes

- Boeing Co. will plead guilty to criminal conspiracy in connection with two fatal crashes of its 737 Max jetliner - Boeing will face a criminal fine of up to $487.2 million with an actual amount to be determined by a judge - The company will install a corporate monitor and spend at least $455 million to enhance compliance and safety programs over the next three years - The guilty plea marks a low point in Boeing's history after two crashes in 2018 and 2019 - Boeing stock has lost 29% in value this year - Boeing's executive suite is in turmoil as the board searches for a new CEO - Boeing expects to file a final plea agreement by July 19 - Families of crash victims criticized the plea deal, calling it inadequate and a slap on the wrist