Boeing and Palantir partner to integrate AI across defense operations

ARLINGTON, Va. - Boeing (NYSE:BA) and Palantir (NASDAQ:PLTR) announced a new collaboration to integrate artificial intelligence systems across Boeing Defense, Space & Security (BDS) operations, according to a press release issued Tuesday.

The partnership will implement Palantir’s Foundry platform to standardize data analytics across Boeing’s defense manufacturing facilities, which produce military aircraft, helicopters, satellites, spacecraft, missiles and weapons at more than a dozen major production lines.

"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," said Steve Parker, CEO of Boeing Defense, Space & Security.

The collaboration will also involve Palantir providing AI expertise on several undisclosed classified and proprietary projects focused on supporting sensitive military missions.

Mike Gallagher, Palantir’s Head of Defense, stated that the partnership aims to "turbocharge production and innovation" to bring technology to current and next-generation defense programs.

Boeing Defense, Space & Security is a division of Boeing, which manufactures and services aerospace products for customers in more than 150 countries.

The announcement was made at the annual Air, Space & Cyber Conference. Financial terms of the partnership were not disclosed in the company statement.

In other recent news, Palantir Technologies Inc. has announced a significant partnership with the UK’s Ministry of Defence, marking its first billion-dollar deal outside the United States. This five-year agreement, valued at up to £750 million, involves the use of Palantir’s technology by the UK armed forces to identify battlefield targets in future conflicts. Additionally, Palantir has partnered with UK defense tech company Hadean to deploy battlefield AI simulation and command and control platforms on Palantir’s Foundry software for the UK MoD.

In terms of analyst activity, BofA Securities has increased its price target for Palantir to $215 from $180, maintaining a Buy rating due to stronger growth projections across applications. Meanwhile, Mizuho and UBS have both reiterated their Neutral ratings with a $165 price target. Mizuho’s stance follows a product demonstration of Palantir Ontology and related AI tools, while UBS’s assessment is based on demand trends from discussions with Palantir’s customers and partners. These developments reflect ongoing interest and strategic movements within Palantir Technologies.

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