Palantir Technologies Inc. (NYSE:PLTR) saw its stock rise 1.4% in premarket trading Wednesday after announcing a major new agreement with the U.S. Navy aimed at overhauling the nation’s Maritime Industrial Base through the Navy’s ShipOS modernization program.

The deal—worth up to $448 million—will integrate Palantir’s Foundry platform and its Artificial Intelligence Platform (AIP) into naval shipbuilding operations. The goal is to enhance efficiency, shorten production timelines, and create greater transparency throughout the Navy’s supply chain.

Secretary of the Navy John Phelan characterized ShipOS as “a new way of doing business” that will give decision-makers “complete, accurate, real-time feedback across the supply chain.” Phelan detailed the initiative at an industry event alongside Palantir CEO Alex Karp.

Early pilot implementations have already demonstrated substantial gains. General Dynamics Electric Boat, for example, reduced submarine schedule planning from 160 manual hours to less than 10 minutes. Portsmouth Naval Shipyard shortened material review cycles from several weeks to under one hour.

The rollout will begin with shipbuilders and suppliers tied to the Submarine Industrial Base. Initial deployment covers two major shipbuilders, three public shipyards, and 100 key suppliers, with the Navy intending to broaden participation as it gathers operational insights.

The agreement marks another significant defense-sector victory for Palantir, which continues to expand its footprint as a key software provider to U.S. military and intelligence agencies. By bringing together disparate data sources, Palantir’s tools are expected to help identify chokepoints, streamline workflows, and bolster risk management across the highly complex shipbuilding ecosystem.

Palantir Technologies stock price

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