Tentative $615 mln Boeing settlement reached

Boeing Co. has tentatively agreed to pay the U.S. government $615 million to settle two high-profile criminal investigations and related civil claims, the U.S. Justice Department said on Monday.

Under the deal, Chicago-based Boeing accepts responsibility for actions of its employees, but will avoid criminal charges as long as it abides by certain conditions for two years.

"Under the proposed agreement, Boeing will pay a total of $615 million," said department spokeswoman Tasia Scolinos. The figure includes $50 million in criminal penalties and $565 million in civil claims.

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