Boeing and Palantir Forge Strategic AI Partnership for Defense and Space Sector

Palantir, Boeing Join Forces To Accelerate AI In Defense And Space Units: 'America's Enemies Aren't Slowing Down...' - Boeing (NYSE:BA), Salesforce (NYSE:CRM)

Boeing Co. BA has announced a strategic partnership with Palantir Technologies Inc. PLTR to integrate the latter's AI solutions platform across Boeing's defense and space unit. Palantir AI Leveraged By Boeing Defense For Military Data Analytics Boeing's defense and space unit, Boeing Defense Systems (BDS), will utilize Palantir's AI tools to standardize data analytics across its production lines and support classified projects for sensitive military missions, the companies jointly announced on Tuesday. Additionally, BDS has engaged Palantir to deliver AI expertise for several undisclosed, classified projects aimed at supporting military customers' most sensitive missions. Check out the current price of PLTR stock here. Boeing Defense Systems is responsible for the production of military aircraft, helicopters, satellites, spacecraft, missiles, and weapons. Mike Gallagher, Palantir's Head of Defense, said, "This partnership will turbocharge production and innovation...America's enemies aren't slowing down and neither can we." Boeing Deal Could Strengthen Palantir's Position This partnership comes at a time when Boeing is expanding its deal pipeline with major jet purchases eyed by Kazakhstan, Turkey, and China. This collaboration with Palantir could further strengthen Boeing's position in the aerospace and defense market. At the same time, BofA kept a Buy rating on Palantir and raised its price target to $215, citing AI-driven growth and international expansion. The update follows Palantir's first billion-dollar U.K. deal with the Ministry of Defence, marking a major step in its global defense analytics strategy. On the other hand, Palantir's recent rally has drawn comparisons to Cisco's dot-com setup, raising questions about its valuation. Meanwhile, the company's dominance in defense has been challenged by Salesforce's CRM new national security division, Missionforce. This collaboration with Boeing could help Palantir maintain its competitive edge in the defense sector. Palantir holds a momentum rating of 98% and a growth rating of95.85%, according to Benzinga's Proprietary Edge Rankings. Click here to see how it compares to other leading tech companies. READ NEXT: This Late-Stage Startup Plans 'Ultra-Large' Windrunner Aircraft To Solve US Military Logistics, Transport Chinooks And F-35 Image via Shutterstock Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. BABoeing Co$217.360.47%OverviewCRMSalesforce Inc$244.750.08%PLTRPalantir Technologies Inc$182.05-0.27%Market News and Data brought to you by Benzinga APIs

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's defense and space unit partners with Palantir for AI adoption

(Reuters) -Boeing has partnered with Palantir Technologies to use the software firm's AI solutions platform across the planemaker's defense and space unit, the companies said on Tuesday. The tie-up will help Boeing standardize data analytics across its production lines. Boeing has also tapped Palantir to supply AI tools for several classified projects aimed at supporting sensitive military missions. The Boeing unit, called Boeing Defense Systems, operates production lines for military aircraft, helicopters, satellites, spacecraft, missiles and weapons. Palantir, co-founded by investor Peter Thiel in 2003, announced a partnership in June for the development of an AI-powered software system for nuclear reactor construction. Shares of Palantir rose on the news and ended the session nearly 2% higher. (Reporting by Aishwarya Jain in Bengaluru; Editing by Krishna Chandra Eluri)

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.