Palantir Technologies saw its shares rise after projecting a 2025 revenue of $3.75 billion, exceeding analyst expectations. CEO Alex Karp attributed the growth to surging AI demand, calling it “untamed organic growth.” The company reported a 36% increase in fourth-quarter revenue to $827.5 million, fueled by a 45% rise in U.S. government sales and a 64% jump in U.S. commercial revenue. Palantir is expanding AI partnerships with defense tech firms like Anduril Industries and Anthropic, reinforcing its role in the growing software-first defense sector. The strong financial performance highlights the company’s increasing influence in AI-driven military and commercial applications.
Related Posts
More AMRAAMs approved for Denmark under $744 million deal
- Veiko Lukmann
- 30/10/2024
- 0
Demand for Raytheon’s Advanced Medium Range Air-to-Air Missiles (AMRAAMs) has surged, with a recent $1.2 billion Pentagon order for 12 countries, plus additional approvals for Israel, Norway, Romania, and Singapore. Denmark has received approval for a potential Foreign Military Sale (FMS) of up to 203 AIM-120D-3 missiles, valued at $744 million, which includes guidance sections, spare parts, and logistical support. Neighboring Norway was cleared for a $1.9 billion purchase of 300 AIM-120C-8 missiles earlier this year. To meet growing demand, Raytheon is doubling production to around 1,200 missiles annually, with hopes to move into multi-year contracts for greater efficiency. The […]
US to speed up interceptor missiles delivery to Ukraine
- Veiko Lukmann
- 11/11/2024
- 0
The United States plans to send over 500 interceptor missiles to Ukraine in the coming weeks, as reported by the Wall Street Journal. These shipments include interceptors for the Patriot missile defense system and NASAMS, aimed at supporting Ukraine’s air defense needs through year-end. This increase in aid comes shortly after Donald Trump’s victory over Kamala Harris in the recent U.S. presidential election. In a related move, the Biden administration has introduced a policy change permitting U.S. defense contractors to operate within Ukraine for maintenance and repair of American-supplied weaponry. This shift underscores a commitment to bolstering Ukraine’s defense infrastructure […]
Poland prepares for AH-64 Apache arrival
- Veiko Lukmann
- 15/10/2024
- 0
Following Russia’s 2014 annexation of Crimea and worsening NATO-Russia relations, Poland initiated the Kruk attack helicopter replacement program. The 2022 invasion of Ukraine accelerated Poland’s military spending and equipment modernization efforts. In September 2022, Poland announced plans to purchase 96 Boeing AH-64E Apache helicopters, formalizing the deal in August 2024 through the US Foreign Military Sales program. These Apaches will replace Poland’s aging fleet of Soviet-era Mil Mi-24 Hinds, significantly enhancing the country’s attack helicopter capabilities. Once delivered, Poland will have the world’s second-largest AH-64 fleet, marking a substantial upgrade in its military power. Original news