Apple, Boeing Tapped to Develop Sensory Gear for Pentagon

Smartphone maker Apple (AAPL) and plane manufacturer Boeing (BA) were among those contracted by the Pentagon to create high-tech sensory gear for soldiers, Reuters reported Friday.



Reuters said the two were among the new partners tapped by the Pentagon in the private sector as the agency seeks to outsource the development of new technologies rather than make them on its own. The U.S. government is reportedly contributing $75 million over five years for the stretchable electronics that could be embedded with sensors. AAPL was moderately lower in the pre-market session on Friday at $112.38, moving within a 52-week range of $92.00 – $134.54. BA was inactive Friday before opening bell but was up slightly at $132.15 Thursday after hours. The 52-week range is $115.14 – $158.83.



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