Palantir Stock Jumps 9% After NATO Adopts AI System For Military Ops

NATO Communications and Information Agency (NCIA) and Palantir Technologies Inc PLTR on Monday announced that they had finalized the acquisition of the Palantir Maven Smart System NATO (MSS NATO) for employment within NATO’s Allied Command Operations (ACO) on March 25.

Financial terms of the deal remain undisclosed. Palantir stock gained Monday on the update.

The MSS NATO capability empowers commanders and warfighters to leverage artificial intelligence (AI) safely and securely in core military operations.

Also Read: Palantir CEO Becomes Top-Earning Tech Boss As AI Stock Soars 216%: Report

By providing a common data-enabled warfighting capability to the Alliance, MSS NATO enhances intelligence fusion and targeting, battlespace awareness and planning, and accelerated decision-making through a wide range of AI applications.

Through MSS NATO, SHAPE plans to accelerate the adoption of other novel capabilities being developed across the Alliance, demonstrating a strong and abiding partnership between the North American and European technology base.

SHAPE is the military headquarters of ACO.

The contract took just six months to complete.

ACO will likely begin using the new system within the next 30 days.

The move coincided with rising anxiety among European members over a potential US withdrawal after Trump threatened to stop protecting the continent pending a defense spending boost, the Financial Times reported.

NATO is also striving to sustain China’s development of AI military capabilities.

The Financial Times cited federal records showing that Palantir has won more than $2.7 billion in U.S. government contracts since 2009, including over $1.3 billion from the Defense Department.

Palantir stock surged over 300% over the past 12 months as the Street expects the company to benefit from the Trump administration’s defense spending and commercial clients using its AI systems.

The U.S. military already uses its version of Palantir’s Maven technology, which was extended with a $99.8 million five-year contract last September.

A similar system has also been used in Ukraine.

CNBC’s Jim Cramer recommended buying Palantir.

Price Action: Palantir stock is up 9.29% at $96.65 at last check Monday.

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