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Benzinga
Benzinga
Business
Anusuya Lahiri

Palantir Nears Record High As Trump's $175 Billion Missile Defense Plan Opens Door To Massive SHIELD Contracts

The Palantir Trade

Defense contractor Palantir Technologies’ (NASDAQ:PLTR) stock trended on Wednesday as it traded close to its 52-week high of $190.

President Donald Trump’s $175 billion Golden Dome missile defense plan could create new contract opportunities for companies like Palantir by opening bids under the Scalable Homeland Innovative Enterprise Layered Defense (SHIELD) initiative.

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