Palantir $PLTR fell 7.8% today, having its worst day since August of 2024, losing around $15B in market cap. Two new deals were announced for the company: the Joint Expeditionary Force (JEF Nations) announced they were using Palantir to provide technology that would help NATO and protect the Baltic Sea. Palantir's software, labeled Nordic Warden, has been deployed to identify ships and assess risks of vessels entering sensitive regions. This system enhances security measures for NATO allies against potential sabotage, reinforcing the company's role in the defense market. Additionally, EllisDon, a construction company, announced that they are now working with Palantir and plan to leverage an advanced data analytics and AI platform to create a modernized data environment. The partnership involves transforming legacy data infrastructures to support AI deployments, aiming to enhance long-term strategic outcomes in a competitive industry.
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