According to the prime minister of Malaysia, the missing plane from that country plunged into the southern Indian Ocean, west of Perth, Australia.
A press conference was held at about 10 a.m. ET this morning, where Malaysian Prime Minister Najib Razak said new analysis of satellite data has finally revealed the fate of Flight 370.
The satellite data was provided by a British company, according to CNN.
Australian officials have also announced that they spotted two objects in the same location. The objects are described as a "grey or green circular object" and an "orange rectangular object." Wooden pallets were also spotted over the weekend. The plane was carrying wooden pallets, but they are also commonly used by ships.
Initially, the search focused north of the Equator. The southern Indian Ocean is thousands of miles from the original flight path.
It is still not known why the plane disappeared. Authorities are considering the possibilities of hijacking, sabotage, terrorism or issues related to mental health of one of the pilots.