Boeing has partnered with Palantir Technologies to use the software firm's Foundry AI solutions platform across the planemaker's defense and space unit, the companies said on Tuesday.
The tie-up will help Boeing standardize data analytics across its production lines. Boeing has also tapped Palantir to supply AI tools and expertise for several classified projects aimed at supporting sensitive military missions.
AI has emerged as a central focus for defense companies amid rising geopolitical tensions across the world. Boeing Defense and Space operates production lines for military aircraft, helicopters, satellites, spacecraft, missiles and weapons.
"Palantir is on the cutting edge when it comes to leveraging Artificial Intelligence to accelerate getting critical products, services and capabilities in the hands of military operators," said Steve Parker, CEO, Boeing Defense, Space & Security. "This collaboration is a natural fit that brings together two great companies with a common mission: supporting uniformed personnel in protecting freedom around the world."
Palantir, co-founded by investor Peter Thiel in 2003, announced a partnership in June for the development of an AI-powered software system for nuclear reactor construction.
"Palantir and Boeing Defense, Space & Security are committed to delivering dominant capabilities to the warfighter to deter conflict and defend the homeland," said Mike Gallagher, Palantir's Head of Defense. "This partnership will turbocharge production and innovation, allowing Boeing and Palantir to bring cutting-edge technology to current and next-generation defense programs. America's enemies aren't slowing down and neither can we."
Shares of Palantir and Boeing both rose on the news and ended the session nearly 2% higher.