Boeing Wins $805 Million Pentagon Contract
Boeing (BA) has won an $805 million Pentagon contract to build the Navy's first four carrier-based unmanned aerial refueling tankers.
Boeing's drone tanker, the MQ-25 Stingray, is designed to launch from a ship at sea to refuel Nafighterher jets.
"When operational, MQ-25A will improve the performance, efficiency, and safety of the carrier air wing and provide longer range and greater persistence tanking capability to execute missions that otherwise could not be performed," a Pentagon statement said.
Warren Buffett Warns Apple Against Buying Tesla
Berkshire Hathaway BRK.B won't be investing in Tesla (TSLA) anytime soon.
Warren Buffett told Fox Business Network on Thursday that buying Tesla would be a "very poor idea" for Apple (AAPL) , according to Business Insider.
Buffett went on to say that selling cars is "not an easy business," because being first to market with a car concept "does not give you a permanent advantage."
Berkshire Hathaway has a nearly $50 billion stake in Apple.
Premarket
U.S. futures are falling across the board on the final day of trading in August as worries about a new round of tariffs on $200 billion in China imports weighed on markets Friday.
Dow futures were down 0.21%, indicating an open 54 points lower, while S&P futures were down 0.19%, indicating an open 6 points lower, Nasdaq futures were down 0.1%, indicating an open 8 points lower.
Asian markets were lower across the board with the Nikkei falling 0.02%, the Hang Seng dropping 0.98% and the Shanghai Composite declined 0.46%.
In Europe, the CAC 40 was declining 1.13%, the DAX was down 0.82%, and the FTSE 100 declined 0.42% with about four hours left in trading.
