The Federal Aviation Administration (FAA) inspects all grounded models of Boeing's (BA) 737 Max 9 jets following a mid-flight incident and findings of loose bolts on plug doors. "We're going to approach it with 100% and complete transparency, every step of the way," Boeing CEO and President Dave Calhoun said about cooperation in a National Transportation Safety Board (NTSB) investigation in a press conference on Tuesday.

Yahoo Finance Legal Reporter Alexis Keenan breaks down Calhoun's statement and takes a look at Boeing's 2023 net aircraft deliveries

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Editor's note: This article was written by Luke Carberry Mogan.

Video Transcript

BRAD SMITH: The failure now being investigated by US regulators. And yesterday, Boeing's CEO David Calhoun shed a little more light on the company's role. Yahoo Finance's Alexis Keenan has the details. Alexis, what have we heard so far about this internal meeting that took place?

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ALEXIS KEENAN: Yeah, Brad. So yesterday, CEO David Calhoun held this all-employee meeting at Boeing 737 factory in Renton, Washington. And here's what he had to say about that door failure.

DAVID CALHOUN: We're gonna approach this, number one, acknowledging our mistake. We are gonna approach it with 100% in complete transparency every step of the way. We're gonna work with the NTSB who is investigating the accident itself to find out what the root cause is. I've a long experience with this group. They're as good as it gets.

ALEXIS KEENAN: Now, the nature of that mistake that Calhoun mentioned isn't clear at this point, though there are multiple reports that it has to do with something in the manufacturing supply chain. Meanwhile, the FAA has grounded those planes. They stay on the ground, the FAA said yesterday, until they're OK for flight.

But in some brighter news for Boeing, yesterday the company released its full-year deliveries for its aircraft, reporting that 528 jets up from 480 in the prior year went out the door to customers. Also 387 of those aircraft were in the Max 737 family. And finally also, net new orders. A record-breaking number for Boeing here, 1,314 aircraft up from 774, almost doubling from the prior year, guys.

SEANA SMITH: All right. Alexis Keenan, thanks so much for bringing us the latest on that story that we continue to follow here on Yahoo Finance.