Palantir Technologies (PLTR) shares surged Monday after the North Atlantic Treaty Organization (NATO) announced it acquired the firm’s artificial intelligence-enabled military system.
NATO said Monday that on March 25, it “finalized the acquisition of the Palantir Maven Smart System NATO (MSS NATO) for employment within NATO’s Allied Command Operations (ACO), marking a significant advancement in the modernization of NATO’s warfighting capabilities.”
Financial terms were not disclosed. The agency said the procurement “was one of the most expeditious in NATO’s history, taking only six months from outlining the requirement to acquiring the system,” and that “it is expected that ACO will begin using the new system within the next 30 days.”
Palantir stock gained close to 5% Monday following the news. Shares have added about a fifth of their value in 2025 and soared more than 300% over the past 12 months.
UPDATE—April 14, 2025: This article has been updated since it was first published to reflect more recent share price values.
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