Palantir Technologies (NASDAQ:PLTR) just locked in a new deal with NATO’s Communications and Information Agency to roll out its Maven Smart System an artificial intelligence platform designed to help support battlefield operations under NATO’s Allied Command.
The system is expected to boost real-time awareness and help NATO forces make faster, better-informed decisions. It’s set to be deployed within the next 30 days.
According to NATO, the entire procurement process moved quickly just six months from identifying the need to finalizing the contract. The agency expects the system to improve how efficiently the Alliance responds to threats and manages operations.
NATO officials are optimistic. Ludwig Decamps, who leads NATO’s tech agency, called the system a tailored AI tool built for modern military needs. General Markus Laubenthal from NATO’s Supreme Headquarters added that it gives them the ability to handle complex data and act faster in critical moments.
Investors responded quickly. Palantir shares were up more than 5% in premarket trading on Monday. The stock’s been climbing steadily up nearly 20% in just the past week, gaining over 13% for the month, and more than doubling in the last six months. That momentum reflects rising confidence in the company’s AI-focused strategy and long-term potential.
This article first appeared on GuruFocus.
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