Boeing (BA) Stock Up on Possible $5 Billion FedEx Plane Deal

NEW YORK (TheStreet) -- Shares of Boeing are up by 0.16% to $146.86 in mid-morning trading on Tuesday, following reports package delivery service FedEx is looking to acquire at least 25 more twin engine freighters from the company, Bloomberg reports. The planes' list value is about $5 billion, sources told Bloomberg. That's before the customary discounts. The planes FedEx is said to be acquiring are Boeing's 767 cargo jets. If the deal were to happen it would see Boeing gain valuable sales in a ...