Palantir Technologies, Inc. (NASDAQ:PLTR) shares are trading higher after the company announced a collaboration with Northrop Grumman (NYSE:NOC) for AI-powered combat vehicles.
What To Know: Palantir teased the partnership in a trailer-style video on X, hinting at work on its Tactical Intelligence Targeting Access Node (TITAN) program alongside Northrop Grumman and other major defense contractors.
The other defense contractors include Anduril Industries, L3Harris Technologies, Inc. (NYSE:LHX), Sierra Nevada Corporation, World Wide Technology, and Pacific Defense Strategies.
The TITAN system is a mobile ground station that provides real-time data processing and targeting support, representing Palantir's expansion from software into integrated defense hardware. The company delivered the first TITAN units to the Army earlier this year.
Related Link: Tesla Stock Faces Demand, Political, Tariff Pressure: Why Analysts Focus On ‘Multiple Generational Growth Drivers’
PLTR Price Action: At the time of writing, Palantir shares are trading 8.75% higher at $102.24, according to data from Benzinga Pro.
Image: via Shutterstock
