Palantir Delivers AI-Powered TITAN Systems to U.S. Army, Marking New Era in Military Technology

Palantir's AI-fueled TITAN trucks are rolling into U.S. Army hands

It also supports two of the Army's biggest ambitions: deep sensing and long-range precision fires, or the ability to find, shoot and kill more accurately from farther away. Driving the news: Axios visited "Tower House" in Southern California to inspect a pair of TITANs that Palantir Technologies and its partners (including Anduril Industries, Northrop Grumman and L3Harris Technologies) are delivering. The latest: Palantir has now handed over three systems, with the first going to the 1st Multi-Domain Task Force at Joint Base Lewis-McChord last year. TITAN has so far avoided typical Pentagon pitfalls like laggard timelines and drip-feed budgeting, according to Akash Jain, Palantir's president of U.S. government business. He spoke with reporters at the California factory. Zoom out: The defense and intelligence communities are betting big on AI. More than 685 AI projects were underway at the Pentagon as of early 2021, according to a watchdog. (The Army led the pack with 232.) Catch up quick: Palantir this time last year beat RTX for the $178 million TITAN production contract. The Army pick followed a yearslong design and prototyping face-off. What's next: TITAN production will continue in California for the foreseeable future. Its place at Arsenal-1, Anduril's planned Ohio megafactory, is unclear.

Palantir delivers mobile battle stations to US Army under $178 million contract - Bloomberg By Investing.com

Investing.com -- Palantir Technologies Inc (NASDAQ:PLTR). has begun the delivery of mobile battle stations to the US Army, according to a report from Bloomberg. This is part of the company's $178 million contract, named Titan, marking a significant development for the data analysis firm in its collaboration with the military. The Titan product, a joint development effort with subcontractors including Anduril Industries Inc. and Northrop Grumman Corp (NYSE:NOC)., appears externally as a robust military truck. Internally, it features a workspace environment equipped with flip-down desks, multiple screens, and servers. The Titan system, standing for Tactical Intelligence Targeting Access Node, represents the first instance of a software company working as a primary defense contractor. The system's core is powered by Palantir's artificial intelligence and analysis technology. This technology gathers data from third-party sensors and systems, including satellites, and processes the information to provide soldiers with enhanced situational awareness and improved targeting precision. The vehicles serve as the physical embodiment of the software brain, according to Akash Jain, Palantir's president of US government business. This contract is a significant step for Palantir as it seeks to expand its artificial intelligence operations with the US. It also underscores the Defense Department's interest in adopting the latest software from Silicon Valley, potentially indicating the tech-heavy future of warfare. At a private event held Thursday at an Anduril manufacturing facility in Santa Ana, California, Palantir executives announced the on-time and on-budget delivery of the systems. The vehicles will undergo further testing at Army facilities outside of California in the upcoming weeks to evaluate their performance and reliability under extreme conditions.

Palantir delivers first two AI-enabled systems to U.S. Army

A Palantir Technologies TITAN, Tactical Intelligence Targeting Access Node, for military defense field intelligence deployment, is displayed at the companys booth during the Consumer Electronics Show (CES) in Las Vegas, Nevada on Jan. 5, 2023. Palantir is rolling out its first two artificial intelligence-enabled systems to the U.S. Army, the company said Friday. The Tactical Intelligence Targeting Access Node systems, or TITAN, act as a mobile ground station that harness AI to collect data from space sensors to assist soldiers with warfare strategy and improve strike targeting and accuracy, according to Palantir. President and Chief Technology Officer Akash Jain called the agreement a "leapfrog moment" for the U.S. Army as it makes a big investment in software during an interview with CNBC's Morgan Brennan. Palantir won the $178 million contract last March, beating out competitor and defense giant RTX Corp. It marked a key milestone for the company known for its data analysis and software services, as well as the first time a software company has worked as a primary contractor for a significant hardware program. The company has long provided solutions to U.S. government and defense agencies, showing 45% year-over-year growth in that segment last quarter. The agreement with Palantir also underscores the shifting landscape of software use on the battlefield. Earlier this week, Scale AI announced a deal with the Department of Defense for a flagship AI agent program. The agreement includes a total of 10 Titan systems. Each system includes an advanced system with two larger trucks and a basic system with two vehicles delivered over five delivery orders, Jain explained. The systems allow soldiers to make intelligence decision without requiring the cloud, putting "all that power in the back of a truck," he added. Palantir also joined forces with Northrop Grumman, L3Harris and Palmer Luckey-founded defense tech startup Anduril Industries on some capabilities for the program. The news from Palantir comes during a volatile period for the 2024 S&P 500 frontrunner. Shares have lost more than one-fourth of their value over the last month as risk-off sentiment hits Wall Street and the buzzing tech sector. Last month, shares jumped 24% to a record high after the company reported strong earnings and guidance fueled by AI demand. Palantir has been a prime beneficiary of the AI tailwinds that have swept the broader industry and market, jumping 340% last year. The company's CEO, Alex Karp, has been a vocal proponent of investing in the U.S. tech sector to protect against adversaries. In response to DeepSeek's sudden rush onto the tech scene in January, Karp told CNBC's Sara Eisen that the U.S. needs an "all-country effort" to protect American innovation from getting stolen and misused. Jain told CNBC that Palantir has been harnessing soldier feedback as it works to deliver the systems on time and on budget.

Palantir Delivers AI-Powered Battle Stations To US Army, Stock Now Comparable To Tesla Circa 2015: Analyst - Palantir Technologies (NASDAQ:PLTR)

Palantir Technologies Inc PLTR delivered mobile battle stations to the U.S. Army under its $178 million military deal. The Tactical Intelligence Targeting Access Node (TITAN) system marks the debut of a software company as a prime defense contractor. The company developed the product with subcontractors, including Anduril Industries Inc and Northrop Grumman Corp NOC, Bloomberg reports. Palantir also tapped L3Harris Technologies Inc LHX and other firms as subcontractors. Also Read: China's JD.com Q4 Retail Revenue And Margin Growth Impress, Hikes Annual Dividend The system's core is Palantir's artificial intelligence and analysis tech, which gathers data from third-party sensors and systems, including satellites. Palantir executives told Bloomberg during a Thursday gathering at an Anduril manufacturing facility in California that they delivered the systems on time and budget. The vehicles will undergo additional testing for performance and reliability at Army facilities outside of California. Each Titan system includes a lightweight industrial truck and a trailer. Palantir's government contracts surged, with U.S. government revenue growing 45% to $343 million in the fourth quarter. The company recently announced AI deployments at Societe Generale and formed a joint venture with TWG Global for AI solutions. Palantir stock surged over 204% in the last 12 months. Wedbush analyst Dan Ives said buying Palantir stock could be comparable to purchasing Tesla Inc TSLA stock in 2015. Price Action: PLTR stock is down 0.65% at $79.90 premarket at last check Friday. Also Read: Analysts Highlight Credo Hyperscaler Partnerships With Amazon, Microsoft, xAI Amid AI Boom Image: Shutterstock PLTRPalantir Technologies Inc$79.48-1.22%Stock Score Locked: Edge Members Only Benzinga Rankings give you vital metrics on any stock - anytime. Unlock RankingsEdge RankingsMomentum99.00Growth37.35Quality-Value3.05Price TrendShortMediumLongOverviewLHXL3Harris Technologies Inc$215.000.57%NOCNorthrop Grumman Corp$475.00-0.04%TSLATesla Inc$259.40-1.54%Market News and Data brought to you by Benzinga APIs