Palantir, Anduril join tech group bidding for govt. contracts: FT

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Palantir Technologies (PLTR) and Anduril Industries are spearheading negotiations to create a consortium of tech companies, with plans to collaboratively pursue Pentagon defense contracts, according to a Financial Times report.

Major industry players, including Elon Musk's SpaceX and AI pioneer OpenAI are among the names set to join this strategic partnership as soon as January 2025.

Palantir CTO and executive vice president Shyam Sankar sat down with Yahoo Finance to talk about the company's "American Reformation" defense report in October. Also, catch Anduril Co-Founder and CEO Brian Schimpf discuss his outlook on the defense sector under a second Trump administration.

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This post was written by Angel Smith