Overview
- According to The Times of London, cited by Yahoo Finance, the U.K. Ministry of Defence is preparing a roughly $1 billion (£750 million) agreement for Palantir to deploy AI across the armed forces, including the Royal Navy.
- As reported, Palantir’s systems would analyze personnel needs, deployment suitability, and parts and maintenance scheduling to optimize U.K. military operations.
- The same reporting says Palantir has pledged to invest up to $2 billion in the U.K. over five years, though neither the company nor the MoD provided formal confirmation in the coverage.
- The Street describes the deal as a five-year arrangement and says it is nearing completion, noting Palantir declined to comment and tying the timing to President Donald Trump’s upcoming visit to the U.K.
- The contract buzz follows Q2 results showing revenue up 48% year over year to $1.03 billion and net income of $327 million, while debate persists over valuation metrics reported at roughly 126 times sales and 267 times forward earnings, with some analysts favoring Nvidia and Broadcom instead.