Boeing has agreed to partner with Palantir. Photo from the Boeing website
The American aircraft manufacturing corporation, Boeing, along with the American data analytics company, Palantir Technologies, have revealed a fresh alliance to incorporate artificial intelligence frameworks into the tasks carried out by the Boeing Defense, Space & Security (BDS) section.
This information is provided by Delo.ua, referencing a piece by Investing.com.
The alliance aims to utilize Palantir Foundry’s platform to harmonize data assessment across Boeing’s defense production sites, which engage in manufacturing military airplanes, choppers, satellites, spacecraft, projectiles, and weaponry on over a dozen key assembly lines.
“ Palantir is a leader in employing artificial intelligence to quicken the distribution of vital items, services, and abilities to military users , “ expressed Steve Parker, the CEO of BDS , at the yearly Air, Space & Cyber Conference.
The cooperation will also feature Palantir offering their AI expertise in a selection of unrevealed confidential and marketable ventures designed to underpin delicate military missions.
Mike Gallagher, the director of Palantir’s defense operations, stated the collaboration is intended to “ boost production and innovation “ in order to implement the technology in present and emerging defense initiatives.
Boeing Defense, Space & Security is a subdivision of Boeing that fabricates and maintains aerospace devices for clientele in over 150 nations.
The monetary specifics of the companies’ association are not made public .
Palantir Deals and An Improved Stock Prediction
In other recent developments, Palantir declared a notable alliance with the UK Ministry of Defence, marking its first billion-dollar agreement outside the US. The five-year arrangement, totaling up to £750m, intends for the British armed forces to utilize Palantir technology to pinpoint battlefield targets during future clashes.
Moreover, Palantir has joined forces with British defense tech firm Hadean to enact battlefield AI simulations and oversight platforms derived from Palantir Foundry software for the UK Ministry of Defense.
Regarding analyst actions, BofA Securities increased its share price forecast for Palantir to $215 from $180, sustaining a Buy indication based on the strength of its advancement outlook across multiple uses. Meanwhile, Mizuho and UBS both reaffirmed their Neutral ratings with a $165 target price. Mizuho’s standpoint arises from the demonstration of Palantir’s Ontology offering and related AI instruments, while UBS’s evaluation is rooted in demand studies taken from interactions with Palantir’s customers and associates.
These occurrences highlight ongoing interest and calculated measures in the progression of Palantir Technologies.
