(Reuters) -Boeing ( BA ) has partnered with Palantir Technologies ( PLTR ) to use the software firm's AI solutions platform across the planemaker's defense and space unit, the companies said on Tuesday.
The tie-up will help Boeing ( BA ) standardize data analytics across its production lines. Boeing ( BA ) has also tapped Palantir ( PLTR ) to supply AI tools for several classified projects aimed at supporting sensitive military missions.
The Boeing ( BA ) unit, called Boeing Defense Systems, operates production lines for military aircraft, helicopters, satellites, spacecraft, missiles and weapons.
Palantir ( PLTR ), co-founded by investor Peter Thiel in 2003, announced a partnership in June for the development of an AI-powered software system for nuclear reactor construction.
Shares of Palantir ( PLTR ) rose on the news and ended the session nearly 2% higher.