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Red Cat Teams Up With Palantir For Modern Warfare Edge; Stock Jumps
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Red Cat Teams Up With Palantir For Modern Warfare Edge; Stock Jumps
Dec 16, 2024 9:35 AM

Red Cat Holdings, Inc. ( RCAT ) disclosed a strategic partnership with  Palantir Technologies Inc. ( PLTR ) to integrate Visual Navigation software into its Black Widow drones and deploy Warp Speed, Palantir’s manufacturing OS.

This collaboration will enhance autonomous small Unmanned Aerial Systems (sUAS) for modern warfare by utilizing Palantir’s AI software, which enables accurate navigation using up-to-date satellite imagery, independent of GPS or radio control signals.

Red Cat’s partnership with Palantir ( PLTR ) enhances its aerial intelligence capabilities, providing real-time situational awareness for warfighters.

With Black Widow selected for the U.S. Army’s Short Range Reconnaissance Program, this collaboration enables the deployment of GPS-independent, electronic-warfare resistant sUAS.

Palantir’s VNav software solves inertial drift by comparing the drone’s position to up-to-date satellite imagery.

Jeff Thompson, Red Cat ( RCAT ) CEO, said, “This innovation will enhance the warfighter’s Intelligence, Surveillance, and Reconnaissance capability while improving lethality. This begins in our multiple factories, where Palantir’s Warp Speed will optimize production, streamline our supply chain, change management, and quality assurance, ultimately reducing costs and improving margins.”

Aki Jain, Palantir’s CTO & President, US Government stated, “Arming Red Cat drones with Palantir’s Visual Navigation along with integrations into Maven Smart System, while also powering their production via Warp Speed, will provide unprecedented capability for the battlefield and secure the ongoing competitive advantage of the West.”

Apart from this, on Sunday, Nasdaq announced the inclusion of Palantir ( PLTR ) to the Nasdaq-100 Index, effective December 23.

The inclusion of Palantir ( PLTR ) in the Nasdaq-100 could significantly boost its visibility and attract fresh inflows from major ETFs like QQQ.

Wedbush Securities Managing Director Dan Ives has labeled Palantir ( PLTR ) the “Messi of AI,” predicting 2025 will be a breakout year for the company’s artificial intelligence platform.

PLTR stock has gained over 308% in the past year. Investors can gain exposure to the Palantir ( PLTR ) via REX AI Equity Premium Income ETF ( AIPI ) and ProShares Big Data Refiners ETF ( DAT ) .

Price Action: PLTR shares are down 4.19% at $72.88 at the last check Monday, while RCAT is up 21% at $9.96.

Read Next:

MicroStrategy, Palantir ( PLTR ), Axon Added To Nasdaq 100: Super Micro Computer, Moderna, Illumina Exit The Index

Image via Shutterstock.

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