President Donald Trump announced Friday that Boeing will build the Air Force’s future fighter jets, which the Pentagon says will have stealth and penetration capabilities that far exceed those of its current fleet and are essential in a potential conflict with China.

U.S. President Donald Trump awarded Boeing on Friday the contract to build the U.S. Air Force's most sophisticated fighter jet yet, handing the company a much-needed win and boosting its shares. The Next Generation Air Dominance program will replace Lockheed Martin's F-22 Raptor with a crewed aircraft built to enter combat alongside drones.

A meeting about China’s threat with the Defense secretary and a U.S. commander in the Indo-Pacific, even if unclassified, shows the billionaire’s extraordinary level of access.

Musk to visit Pentagon Friday; officials deny reports he'll be briefed on China war plans, calling claims "false" and "malicious." Follow Newsweek's live blog.