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2w ago

Boeing Taps Palantir for Defense AI as Bank of America Raises Target to $215

The company’s on-site engineer model paired with its Ontology architecture underpins growing defense and industrial demand.

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Palantir's AI FDEs are a key part of the company's "secret sauce" strategy, Bank of America said.

Overview

  • Boeing will deploy Palantir’s Foundry across defense and space production lines and has engaged the firm for several undisclosed classified projects.
  • The U.K. Ministry of Defence signed an approximately £750 million military AI contract to integrate Palantir technology for targeting, planning, and real-time battlefield awareness.
  • Bank of America lifted its Palantir price target to $215, highlighting Ontology and forward deployed engineers as key differentiators and projecting commercial sales could exceed $10 billion by 2030.
  • Analyst commentary points to Palantir’s FDE model and data architecture as drivers of faster, tailored implementations that expand use cases across government and industry.
  • Shares rose following the U.K. contract and the Boeing partnership, with reports of notable intraday gains on the announcements.