Palantir Secures Major Naval Contract, Signaling Strategic Defense Role

A significant $448 million agreement with the United States Navy has propelled Palantir Technologies into the spotlight, underscoring its expanding role within the defense industrial base. The company’s shares advanced 3.34% to $187.54 on Thursday following the announcement. This contract represents more than a single transaction; it positions Palantir’s software as a foundational operating layer for critical U.S. defense manufacturing.

The two-year contract, dubbed “ShipOS,” targets persistent delays in constructing Virginia-class and Columbia-class submarines. Palantir will deploy its Foundry platform and Artificial Intelligence Platform (AIP) to integrate the entire maritime supply chain. This network will connect two major shipyards, three government docks, and more than 100 suppliers.

Pilot initiatives have Read more...