In our first report on the possibility of this order, we cited Leeham News and Comment, which had suggested that in addition to the 767Fs, FedEx may order as many as 10 777Fs. FedEx did not announce any 777F orders. At a list price of $318.7 million per copy, an order for 10 additional 777Fs would have meant another $3.2 billion for Boeing. FedEx operates 25 of Boeing’s 777-200s and has nine more 777Fs on order.
FedEx has a total fleet of 378 planes, of which 88 are Airbus A300s and A310s and most of the rest are Boeing jets. FedEx continues to operate 105 McDonnell-Douglas DC-10s and MD-11s, as well as 102 Boeing 757-200s, all of which are long out of production. The company currently includes 23 767-300s in its fleet and has another 37 on order, according to Planespotters.net.
Boeing’s order book for the 767 currently includes 35 unfilled firm orders from FedEx for the 767-300F, and the company has not yet added the new FedEx order to its online order status page.
ALSO READ: The 4 Best Aerospace and Defense Stocks for This Earnings Season
FedEx said deliveries of the new planes will begin in fiscal year 2018 and continue through fiscal year 2023. By FedEx’s count, the air freight company has 106 unfilled, firm orders for 767s. The company’s CEO said:
Acquiring additional 767F aircraft is a continuation of our very successful air fleet modernization program and will enable us to reduce structural costs, improve our fuel efficiency and enhance the reliability of our global network.
Take Charge of Your Retirement In Just A Few Minutes (Sponsor)
Retirement planning doesn’t have to feel overwhelming. The key is finding expert guidance—and SmartAsset’s made it easier than ever for you to connect with a vetted financial advisor.
Here’s how it works:
- Answer a Few Simple Questions. Tell us a bit about your goals and preferences—it only takes a few minutes!
- Get Matched with Vetted Advisors Our smart tool matches you with up to three pre-screened, vetted advisors who serve your area and are held to a fiduciary standard to act in your best interests. Click here to begin
- Choose Your Fit Review their profiles, schedule an introductory call (or meet in person), and select the advisor who feel is right for you.
Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.