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Truist Securities analyst Arvind Ramnani initiated coverage of Palantir Technologies with a buy rating, citing its standout margins and revenue growth. Despite its high valuation, Ramnani believes the stock's premium is justified due to its unique financial profile, which includes the highest margins among 111 software companies analyzed. Palantir's AI advancements have broadened its business, with a total addressable market that has nearly tripled since its 2020 listing. The company is positioned for significant capital returns, supported by a free-cash-flow margin over 40%.
The FAA has selected RTX and Indra to replace 612 outdated radar systems in the U.S. by 2028 as part of a major air traffic control modernization effort. The current radar, dating back to the 1980s, is costly to maintain and has led to operational disruptions. The FAA has committed over $6 billion of the $12.5 billion funding approved by Congress for this overhaul, with an additional $20 billion potentially needed. The new systems aim to enhance air traffic surveillance and replace 14 legacy platforms nationwide.
Truist Securities has initiated coverage of Palantir Technologieswith a 'buy' rating and a price target of $223, indicating a 28.1% upside from the last close. The brokerage highlights Palantir's capability to integrate proprietary data, which positions the company to benefit from the growing adoption of AI-driven decision-making. Following the launch of its AI Platform in April 2023, Palantir's US government revenue has increased by over 50%, while commercial revenue has risen by 73%. Over the past year, PLTR stock has surged by 117.8%.
Lockheed Martin and 4iG Space and Defence Technologies Zrt. have partnered to develop a Hungarian-specific long-range rocket artillery system. This collaboration aims to integrate Lockheed Martin’s launcher loader module onto Hungarian military trucks, enhancing NATO-compatible fire support capabilities. The partnership supports local industrial development and aligns with governmental approvals from the U.S. and Hungary.
The UK has paused trials of the Ajax fighting vehicle due to safety concerns, marking another setback in the £6 billion program plagued by technical issues and delays. The pause follows reports of troops feeling unwell from noise and vibration during trials. A safety review is underway, with findings to be published soon. The Ajax vehicles, made by General Dynamics, were initially set to enter service in 2020, now delayed to 2025.
