Palantir Technologies secures a $448 million defense contract from the U.S. Navy to implement AI in submarine production under the ShipOS initiative. The Virginia-class and Columbia-class programs, handled by General Dynamics and HII, face budget overruns. The partnership aims to streamline operations plagued by delays and costs.

Pilot programs show significant efficiency gains in submarine production, reducing manual planning hours and material review processes. Palantir’s Foundry platform will integrate data systems across shipbuilders, public shipyards, and suppliers in the submarine industrial base, improving coordination and identifying issues earlier in the process.

With a market cap nearing $450 billion, PLTR stock has seen a 2,500% return to shareholders in the last three years. Palantir expands into commercial markets with partnerships in energy, aviation maintenance, rodeo analytics, and government services. The company’s AI technology is making waves in various industries, translating defense expertise into operational improvements.

Palantir’s new operating system, Chain Reaction, partners with CenterPoint Energy and Nvidia to enhance AI infrastructure. FTAI Aviation signs a deal to optimize aircraft engine maintenance with Palantir’s platform. The company also ventures into rodeo analytics and achieves IRAP PROTECTED certification in Australia, broadening its reach.

Palantir’s strategy focuses on embedding software in critical infrastructure and industrial operations, expanding recurring revenue. Analysts forecast revenue growth from $4.4 billion in 2025 to $15.6 billion in 2029, with adjusted earnings increasing from $0.72 to $2.43 per share. PLTR stock currently trades at a high multiple but has a positive outlook for growth and earnings.

Read more at Yahoo Finance: Palantir Just Scored a Deal to Build Nuclear Submarines. Should You Build a Position in PLTR Stock?