President Donald Trump said he issued an executive order Wednesday grounding all Boeing 737 Max jets, following the second major crash within five months.
"We're gonna be issuing an emergency order of prohibition to ground all flights of the 737 max 8 and the 737 max 9 and planes associated with that line," Trump told reporters in Washington on Wednesday.
"Boeing is an incredible company. They are working very, very hard right now," he added.
The move marks a stunning turnaround from the U.S., which has watched dozens of countries around the world ground the planes after the second deadly crash of the new aircraft in less than five months.
Shares of Boeing slipped 2 percent after Trump's announcement.
The FAA did not immediately respond to a request for comment.
This story is developing. Please check back for updates.
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