Palantir and Boeing Forge AI Partnership to Enhance Defense and Space Operations

Palantir stock rises after Boeing defense partnership announced By Investing.com

Investing.com -- Palantir Technologies (NYSE:PLTR) stock rose 1.8% Tuesday afternoon following news of a partnership with Boeing (NYSE:BA) Defense, Space & Security to accelerate AI adoption across defense and classified programs. The collaboration will integrate Palantir's Foundry platform, which leverages artificial intelligence to unify complex systems under a streamlined interface, across Boeing's defense operations. Boeing Defense operates more than a dozen major production lines manufacturing military aircraft, helicopters, satellites, spacecraft, missiles and weapons. According to the announcement made at the annual Air, Space & Cyber Conference, the partnership aims to standardize data analytics and insights across Boeing's geographically dispersed defense factories. Additionally, Boeing has enlisted Palantir to provide AI expertise on several undisclosed classified and proprietary efforts focused on supporting sensitive military missions. "Palantir and Boeing Defense, Space & Security are committed to delivering dominant capabilities to the warfighter to deter conflict and defend the homeland," said Mike Gallagher, Palantir's Head of Defense in the announcement. Steve Parker, CEO of Boeing Defense, Space & Security, noted that "Palantir is on the cutting edge when it comes to leveraging Artificial Intelligence to accelerate getting critical products, services and capabilities in the hands of military operators." The companies emphasized that the partnership will aim to accelerate production and innovation for current and next-generation defense programs. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Boeing Chooses Palantir to Boost AI Adoption in Defense, Space Unit

Boeing said it was joining forces with Palantir to integrate artificial intelligence into its defense, space and security business. The aerospace company said Tuesday that its BDS unit would use Palantir's Foundry platform to standardize data analytics and insights across its geographically dispersed defense factories. Boeing's BDS unit operates more than a dozen major production lines, manufacturing military aircraft, helicopters, satellites, spacecraft, missiles and weapons. BDS has also tapped Palantir for AI capabilities on several undisclosed classified efforts to support sensitive military missions, the Arlington, Va., company said.