Palantir

Palantir's second-quarter revenue jumped 93 percent, despite criticism over its ties to Israel and role in military technology. The company's growth has been labeled as 'otherworldly'. Palantir's involvement in military technology has sparked controversy, particularly regarding its ties to Israel and the Gaza region.

Defense industry leaders met in a closed-door session to discuss funding plans with the Trump administration. The meeting resulted in alignment on $73 billion in Pentagon and intelligence funding. Major defense contractors such as Raytheon, Lockheed Martin, and Northrop Grumman were in attendance.

NATO has awarded contracts to three tech firms, Anduril, Palantir, and Athea SAS, to modernize its air defense data system. The contracts are part of a competition to build the software backbone for the alliance's next-generation air defense system. The goal is to improve communication among NATO's 32 member nations during a real air war.

Ondas has acquired DYZNE, a company specializing in drone technology, as part of its acquisition spree. The company plans to integrate its portfolio of drones using a new AI command system developed in partnership with Palantir. This move aims to enhance drone capabilities from surface to stratosphere.

The US Army has established a common data layer baseline for Next Generation Command and Control (NGC2) with Anduril Industries, Palantir, and Raft. The baseline will be implemented across the Army, advancing from prototyping to delivery.