Poland Signs Defense Cooperation Deals With Palantir, Anduril Amid Army Upgrade

Palantir Technologies has raised its price target to $220 following positive developments, including increased AI adoption and rising defense spending outside the U.S. A significant milestone is Palantir's new letter of intent with Poland's Defense Minister Wladyslaw Kosiniak-Kamysz to collaborate on data, artificial intelligence, and cybersecurity. This partnership aligns with Poland's strategy to develop AI and establish a new AI center within its military. Concurrently, Poland also signed a separate deal with Anduril Industries to co-produce cruise missiles amid record military spending. Palantir's stock responded positively, hitting a new intraday high of $192.83, boosted by the China trade truce rally in AI tech stocks and the announcement of the Polish government deal. Additionally, Palantir expanded its partnership with Lumen Technologies to bring AI solutions to enterprises through integrated platforms.