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Benzinga
Benzinga
Business
Benzinga Weekend Correspondent

Palantir Faces Potential Setback as France, Germany Seek European Military Software Supplier

Palantir Europe France Germany Elbridge Colby United States Palantir Technologies Inc Airbus Arcadia KNDS
Framework ranks Palantir at four.

Palantir Technologies Inc. (NASDAQ:PLTR) faces a potential setback in Europe as France and Germany begin seeking alternative suppliers for military software, raising questions about the company’s long‑term position in the region.

"To foster data sovereignty, France and Germany will examine the development of a European sovereign digital backbone," the two countries said in a joint declaration on Friday. They will take "consideration of data-centric security, artificial intelligence, and cloud solutions from both countries," the nations said after talks between Chancellor Friedrich Merz and President Emmanuel Macron.

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