Boeing is a big player in defense—it was awarded $23 billion in Defense Department contracts last year- so the guilty plea could have an impact.

The Justice Department announced the troubled aircraft maker would plead guilty and pay nearly $700 million in fines and safety upgrades after it violated a deferred prosecution agreement on fraud charges linked to accidents that which killed 346 people in 2018 and 2019.

In addition to paying an additional $243.6 million fine and being required to invest at least $455 million in its compliance and safety programs, an independent monitor would be named to oversee Boeing’s safety and quality procedures for three years.