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Trump Praises Palantir as Iran War Highlights $1.3B Pentagon AI Contract and Rising Lobbying Spend

Quiver Data Analyst

Shares of Palantir Technologies ($PLTR) gained attention after President Trump said the company has proven its warfighting capabilities, as the Iran war puts focus on its role in U.S. defense operations including the Pentagon’s Maven AI platform used for battlefield intelligence and targeting support.

  • Palantir’s Maven contract was initially awarded at up to $480 million in 2024 and later expanded to a ceiling of about $1.3 billion in 2025.
  • The U.S. Army has structured a broader agreement allowing up to $10 billion in Palantir-related data integration and AI procurement over a 10-year period.
  • Palantir software is used for battlefield awareness, intelligence fusion, and operational decision-making in defense systems.
  • Lobbying disclosures show Palantir spent about $9.04 million in 2025 and approximately $2.51 million so far in 2026.
  • Recent filings reference the FY2026 NDAA, DoD appropriations, AI deployment, Army intelligence, and defense software procurement.

Relevant Companies

  • Palantir ($PLTR) - Direct exposure to Pentagon AI programs, battlefield intelligence platforms, and defense spending tied to Middle East operations.

Editor’s Note: This is a developing story. This article may be updated as more detail

About the Author

Matthew Kerr is a data analyst at Quiver Quantitative, with a focus on single-stock research and government datasets. Prior to joining Quiver, Matthew was an analyst intern at BlackRock.

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