Palantir Technologies is expected to report strong q1'25 earnings, driven by significant new contracts in the Banking, Defense, and Industrial markets.
Palantir provides tools to government customers for intelligence gathering, counterterrorism and military purposes. Now Palantir aims to use generative AI to spur growth in the U.S. commercial market, such as health care and financial services.
- On April 16, 2025, Citigroup (C) announced that the firm had entered into a partnership with Palantir to upgrade its technology for its wealth management platform.
- Palantir announces a joint venture with TWG Global to improve AI deployments across the financial services industry. One major goal of the JV is to consolidate fragmented solutions into one enterprise-wide approach.
- On the industrial side, Palantir announced 6 new customers deploying Warp Speed to accelerate their onshoring manufacturing capabilities. Palantir had announced the addition of Warp Speed to its arsenal of capabilities in q4’24, bringing forth a unified manufacturing resource platform specific for Industry 4.0. The new customer cohort each has a focus in the defense and national security industry, focusing on aerospace, oceanic vessels, and space technology.
- In addition to the major deals and partnerships, Palantir entered into a partnership with the NATO Communications and Information Agency to deploy Palantir’s Maven Smart System into NATO’s Allied Command Operations. Though the value of this deal isn’t yet public, Palantir had signed a $480mm, 5-year deal with the US Combatant Commands in 2024, potentially suggesting that its deal with NATO may also be a multi-hundred million-dollar deal.
- Staying on the topic of defense, there was a recent announcement that Palantir’s AI capabilities may be utilized as part of President Trump’s Golden Dome missile defense system. As suggested in the announcement, SpaceX (SPACE) is a leading contender to develop critical components for the defense system that is aimed to mirror Israel’s Iron Dome. The project would involve deploying 400-1,000 satellites to detect and track incoming missiles around the globe, and 200 attack satellites armed with missiles or lasers to intercept and neutralize threats. SpaceX, Palantir and Anduril Partnership is competing for the US Golden Dome Missile Defense Contracts.
- Palantir Technologies (PLTR) has won a $30 million contract from the U.S. Immigration and Customs Enforcement (ICE) agency, according to federal filings. ICE Is Paying Palantir $30 Million to Build ‘ImmigrationOS’ Surveillance Platform.
- NHS England has awarded a new contract to US data analytics company Palantir to transition existing NHS projects into a new Federated Data Platform (FDP). US-based Palantir – chaired by staunch Donald Trump ally and PayPal co-founder Peter Thiel – has been providing data services to the UK government since the start of the pandemic. The government has announced NHS England will be abolished to "cut bureaucracy" and reform how the National Health Service is run.
Software maker Palantir Technologies has won a new $30 million contract from the U.S. Immigration and Customs Enforcement, according to federal filings.
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U.S. Space Force chief Gen. Chance Saltzman clarified the Golden Dome is not a single mega-shield, but a network of systems built to counter advanced missile
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