Palantir Stock Surges 29% on Pentagon Counter-Drone Deal Speculation
PLTR•Palantir shares jumped 29% on speculation it could support a Trump-linked drone maker vying for a Pentagon counter-drone order under the FY25 NDAA’s Section 1709 ban on foreign-manufactured drones. The surge coincides with U.S. defense budget discussions topping $1 trillion and no new Palantir contract announcements.
1. Stock Surge on Pentagon Deal Speculation
Palantir shares spiked 29% after investors linked the company to a Trump-associated drone maker competing for a Pentagon counter-unmanned aircraft system award. The program, fueled by FY25 NDAA Section 1709 and a projected $1 trillion defense budget, seeks over 200,000 autonomous systems and favors domestic AI-driven platforms.
