That was done, by executive order during wartime, to some underperforming manufacturing companies during WWII. Here's that story, by the Navy admiral who personally led the takeover of the plants.[2] The Navy fired the C-suite of the Los Angeles Shipbuilding and Dry Dock Company, at 10 AM on December 8, 1943, for incompetence.
"Mr. McCoomb was informed that he, Mr. Alfred F. Smith, and the comptroller, Mr. Beeman, were informed that they were no longer on the payroll of the plant". Eventually the Government had to settle up with the stockholders, but the C-suite people were gone.
Are you proposing the federal government invoke The War Powers Act or The Defense Production Act and seize all of Boeing's production assets? During peacetime? Over engineering failures in the civilian sector? Does anybody actually believe that would fly in court?
Well… you can always invade someone and end these inconveniences of peacetime. Venezuela has a lot of oil very close to the US and recently disagreed with the US government about who was elected for their president.
[2] https://babel.hathitrust.org/cgi/pt?id=mdp.39015006391265&vi...