Overview

• An internal U.S. Army memo authored in early September by CTO Gabrielle Chiulli rated the NGC2 battlefield communications prototype as very high risk and warned adversaries could potentially gain undetectable access.
• Palantir and partner Anduril said the memo reflected an outdated snapshot, asserted no current vulnerabilities, and described the flagged items as mitigated during normal development.
• Army officials characterized the document as routine cybersecurity triage for a prototype and said mitigation steps are underway.
• Despite the security scrutiny, Palantir reports strong growth and major U.S. government awards, including a near $10 billion Army enterprise agreement, a $218 million Space Force order, and a higher ceiling for the Pentagon’s Maven program.
• Investor focus remains elevated with the stock up triple digits in 2025, recent volatility tied to tariff and memo headlines, and Q3 results scheduled for Nov. 3 viewed as a potential stock mover; rivals such as Govini are also scaling, with ARR above $100 million and a $150 million Bain investment.