Why Palantir’s NATO deal is important
AI and defense software firm Palantir Technologies is up after NATO announced it bought Palantir’s Maven Smart System software for use within NATO’s Allied Command Operations.
NATO’s purchase of Palantir software — which connects military intelligence and surveillance information with AI capabilities to identify potential targets, among other things — is more than just a revenue win, wrote Louis DiPrima, an analyst covering Palantir for brokerage firm William Blair.
“This agreement has broader geopolitical significance than just another win for Palantir in the context of investor concerns that Europe is looking to decrease reliance on US defense contractors. In our view, this announcement has favorable read-throughs across the US defense sector; Europe will likely remain large buyers of US systems with increasing defense budgets.”
“This agreement has broader geopolitical significance than just another win for Palantir in the context of investor concerns that Europe is looking to decrease reliance on US defense contractors. In our view, this announcement has favorable read-throughs across the US defense sector; Europe will likely remain large buyers of US systems with increasing defense budgets.”
