Palantir Technologies has unveiled a collaboration with top defense contractors to develop an AI-powered combat vehicle tied to its Tactical Intelligence Targeting Access Node program. The company shared images of the vehicle on social media. TITAN was developed with Northrop Grumman, Anduril, L3Harris, Sierra Nevada, World Wide Technology, and Pacific Defense Strategies. The TITAN system marks Palantir’s shift from software to becoming a prime defense contractor offering integrated hardware solutions. Shares rose 3.51% on Tuesday and continued to climb after hours, with a 25% year-to-date gain.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Palantir Technologies has unveiled a collaboration with top defense contractors
00:06to develop an AI-powered combat vehicle tied to its Tactical Intelligence Targeting Assets
00:11Node program. The company shared images of the vehicle on social media. Titan was developed
00:15in collaboration with Northrop Grumman, Anderle, L3Hera, Sierra Nevada, Worldwide Technology,
00:22and Pacific Defense Strategies. The Titan system marks Palantir's shift from software to becoming
00:26a prime defense contractor offering integrated hardware solutions. Shares rose 3.51% on Tuesday
00:32and continue to climb after hours with a 25% year-to-date gain.
00:36For all things money, visit Benzinga.com slash GSTV.