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Boeing statement: "The Board of Directors decided that a change in leadership was necessary to restore confidence in the Company." More than 300 people have died in Boeing 737 Max plane crashes.
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After a flawless launch from Cape Canaveral, Fla., the crew capsule, loaded with 600 pounds of cargo for the station, was unable to reach its intended orbit, Boeing says.
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Southwest said its decision is "based on continued uncertainty" about when the FAA will allow the Max planes to return to service. Boeing's 737 Max fleet has been grounded worldwide since March.
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The company said it is waiting for federal regulators to certify fixes for software blamed for two catastrophic plane crashes that killed 346 people.
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In the wake of two deadly 737 Max plane crashes, Boeing officials are now facing lawmakers on Capitol Hill. "We know we made mistakes and got some things wrong," said Boeing chief Dennis Muilenburg.
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The news comes on the eve of Boeing's release of third-quarter financial results, continuing the repercussions from two 737 Max crashes that killed 346 people.
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Officials said 13 people were on board the plane. The FAA says the B-17 was trying to land after reporting trouble and returning to the airport.
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The World Trade Organization sided with the U.S. in a years-long dispute over European loans and subsidies to Airbus, putting a value on the damage done to U.S. industry — particularly Boeing.
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Safety board Investigators concluded that Boeing underestimated pilot response time to multiple and cascading error messages resulting from the airplane's automated stall-prevention system.