The agreement includes a total of 10 TITAN systems. Each system includes an advanced system with two larger trucks and a basic system with two vehicles delivered over five delivery orders, Jain explained. The systems allow soldiers to make intelligence decisions without requiring the cloud, putting "all that power in the back of a truck," he added.
Palantir also joined forces with Northrop Grumman, L3Harris and Palmer Luckey-founded defense tech startup Anduril Industries on some capabilities for the program.
The news from Palantir comes during a volatile period for the 2024 S&P 500 front-runner. Shares have lost more than one-fourth of their value over the past month as risk-off sentiment hits Wall Street and the buzzing tech sector. Last month, shares jumped 24% to a record high after the company reported strong earnings and guidance fueled by AI demand.