FedEx (FDX) Said to Mull Additional $5B 767 Cargo Jet Order with Boeing (BA)

Boeing (NYSE: BA) shares are on watch Tuesday following overnight news that parcel giant FedEx (NYSE: FDX) may look to order around $5 billion of the company's freighters.

According to Bloomberg, FedEx might purchase 25 or more of Boeing's 767 cargo jet. List price for the jets would be about $5 billion before bulk discounts.

FedEx executives were said to meet with Boeing in Seattle over the weekend to discuss the purchase.

FedEx is said to have 35 unfulfilled orders for the 767-300, not including the additional 25 units its expected to order.

Shares of Boeing are flat in early trading Tuesday.

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