Software Firms Step Into Expanding Defense Project

The companies have been interested in the program since its early stages, Reuters reported on Tuesday, citing a source familiar with the matter.

Anduril and Palantir did not immediately respond to Benzinga's request for comments.

Other participants include Aalyria Technologies, Scale AI and Swoop Technologies, the report added.

Space-Based Shield To Counter Advanced Threats

The Golden Dome initiative is designed to create a space-based defense network capable of intercepting ballistic, cruise and hypersonic missiles.

The program's estimated cost has risen to $185 billion, reflecting increased urgency around deploying advanced space capabilities.

Crowded Field Of Tech And Defense Players

The project has attracted significant interest across the defense and tech sectors, with hundreds of companies competing for roles.

Palmer Luckey-founded Anduril was previously awarded multiple smaller contracts to develop prototype systems.

The firms have also worked with Elon Musk's SpaceX on related efforts.

Defense Giants Already On Board

Price Action: Shares of Palantir closed at $154.78 on Tuesday, down 3.80% and increased 1.24% to $156.70 in after-hours trading, according to Benzinga Pro.

Benzinga Edge Stock Rankings show Palantir delivering strong short and long-term performance, while facing some medium-term pressure, supported by a Growth score in the 98th percentile.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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