07:04 AM EDT, 09/18/2025 (MT Newswires) -- Palantir Technologies ( PLTR ) is pledging to invest $1.5 billion pounds ($2.05B) in the UK by 2030 while receiving a deal with the UK Ministry of Defence to expand the use of its AI software, Bloomberg reported Thursday, citing a source familiar with the matter.

Palantir ( PLTR ) is expected to finalise a 750 million pound, five-year agreement with the Ministry of Defence as part of the expansion, replacing an existing 75 million pounds, three-year deal, the unnamed source told Bloomberg.

The report said the investment will support ongoing projects across defense, healthcare, law enforcement, and other sectors, and is projected to create around 350 jobs, including 200 at Palantir ( PLTR ) and the rest through partner organizations.

Palantir ( PLTR ) did not immediately respond to MT Newswires' request for comment.

Shares of Palantir ( PLTR ) were up 1.5% in Thursday's premarket activity.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)