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Palantir and Anduril reportedly building a tech consortium to bid on defense contracts | TechCrunch

Dec 22, 2024 - techcrunch.com
Anduril Industries, headquartered in Costa Mesa, California, recently secured a major contract to develop an unmanned fighter jet for the US Air Force, boosting its valuation to $8.5 billion. The company, along with Palantir, is in discussions with tech firms like SpaceX, OpenAI, Saronic, and Scale AI to form a consortium aimed at bidding on Pentagon contracts. This initiative seeks to challenge established defense contractors such as Lockheed Martin, Raytheon, and Boeing by offering more efficient and cutting-edge technology solutions to the government.

The consortium's formation is seen as a move to introduce a new generation of defense contractors. Initial partnerships could be announced as early as January, as reported by the Financial Times. Palantir and Anduril, both named after items from J.R.R. Tolkien’s “Lord of the Rings,” have previously hinted at such collaborations, notably with an integration between Palantir’s AI Platform and Anduril’s Lattice software. The companies aim to ensure that the U.S. government remains a leader in artificial intelligence.

Key takeaways:

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  • Anduril Industries recently secured a major contract to develop an unmanned fighter jet for the US Air Force, boosting its valuation to $8.5 billion.
  • Palantir and Anduril are in discussions with tech companies like SpaceX, OpenAI, Saronic, and Scale AI to form a consortium for bidding on Pentagon contracts.
  • The consortium aims to challenge traditional defense contractors such as Lockheed Martin, Raytheon, and Boeing by offering cutting-edge technology to the government.
  • Initial partnerships within this consortium could be announced as early as January, with a focus on ensuring the U.S. leads in artificial intelligence.
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