"Based on facts from the Lion Air Flight 610 accident, and emerging data as it becomes available from the Ethiopian Airlines Flight 302 accident, we're taking actions to fully ensure the safety of the 737 MAX". The causes of the accident are yet to be investigated.
The BEA will release a preliminary report within 30 days, French investigators said.
Dennis Muilenburg announcement came after Ethiopia's Transport Minister said earlier Sunday that information recovered from the flight data recorder of the Ethiopian Airlines plane showed the March 10 crash had "clear similarities" with Lion Air's crash in Indonesia in October.
"The 737 MAX was certified in accordance with the identical Federal Aviation Administration requirements and processes that have governed certification of all previous new airplanes and derivatives", Boeing said Monday.
A flight deck computer's response to an apparently faulty angle-of-attack sensor is at the heart of the ongoing probe into the Lion Air crash.
France's Bureau of Enquiry and Analysis for Civil Aviation Safety (BEA), which is investigating the recent crash of an Ethiopian Airlines Boeing 737 MAX plane, announced on Monday that it had found similarities between the doomed jet and Indonesia's Lion Air flight of the same model that crashed into the sea in October a year ago.
Lawmakers and safety experts are asking how thoroughly regulators vetted the system and how well pilots around the world were trained for it when their airlines bought new planes.
We know lives depend on the work we do, and our teams embrace that responsibility with a deep sense of commitment every day.
The updates are created to address how the aircraft's flight control system - (MCAS) Manoeuvring Characteristics Augmentation System - responds to erroneous sensor inputs, the company's CEO, Dennis Muilenburg, said in a statement.
With the prestige of one of the United States' biggest exporters at stake, Boeing has halted deliveries of its best-selling model that was meant to be the industry standard but is now under a shadow.
Boeing shares fell 1.8 per cent to $372 at end of trading in NY on Monday.
Ethiopia is leading the probe, although the black boxes were sent to France and USA experts are also participating.
The software upgrade "will be deployed across the 737 MAX fleet in the coming weeks", it said.