Jim Cramer expressed confidence in Palantir’s growing defense role, predicting multiple upcoming Pentagon contracts. The comments come as the company’s stock (PLTR) continues to attract investor interest amid heightened U.S. defense spending.
- Jim Cramer predicts multiple new Pentagon contracts for Palantir Technologies (PLTR)
- Palantir’s defense contracts have exceeded $2 billion since 2020
- U.S. defense budget for FY2025 is $886 billion, supporting tech procurement
- PLTR’s stock rose 12% over the past month amid contract speculation
- Analysts forecast federal contract revenue for Palantir to reach $1.4 billion in FY2026
- JADC2 and IVAS initiatives are key drivers of current and future Pentagon projects
Jim Cramer, host of CNBC’s 'Mad Money,' stated on Friday that Palantir Technologies (PLTR) is positioned to secure a series of new contracts with the U.S. Department of Defense. Cramer cited ongoing digital transformation efforts within the Pentagon and increasing demand for data integration platforms as key drivers. He emphasized that Palantir’s existing contracts—valued at over $2 billion since 2020—serve as a foundation for future deals. The company has already secured several major projects, including the foundational work on the U.S. Army’s Integrated Visual Augmentation System (IVAS) and the Department of Defense’s Joint All-Domain Command and Control (JADC2) initiative. Cramer noted that recent legislative actions, including the Fiscal Year 2025 National Defense Authorization Act, which allocated $886 billion for defense, create a favorable environment for continued government technology investment. Cramer’s remarks follow a 12% increase in PLTR’s stock price over the past month, reflecting market anticipation of expanded defense engagement. Analysts have raised their fiscal 2026 revenue forecasts for Palantir, with some projecting federal contract contributions to reach $1.4 billion by year-end, up from $927 million in FY2024. These developments are also drawing attention from peers such as Raytheon Technologies (RTX) and Lockheed Martin (LMT), which operate in adjacent defense technology spaces. The comments are expected to influence near-term trading activity, particularly among institutional investors focused on government contracting trends and digital infrastructure in national security.