Ondas owns all of Regna AI, the new defense AI company Palantir will power

In the quarter ended Sept. 30, 2026, Palantir's U.S. commercial revenue overtook its U.S. government revenue. U.S. commercial revenue reached $984 million, compared with $953 million from U.S. government customers. The company called it the first such crossover in its history.¹

U.S. commercial revenue added $220 million from the previous quarter, compared with U.S. government's $144 million increase.¹ That reversed the government's $45 million lead in the previous quarter.²

U.S. commercial contract value moved differently from revenue. Palantir closed $1.463 billion in U.S. commercial total contract value in the third quarter, up 11% year over year.¹ That was down about 31% from the second quarter.^1–2

U.S. commercial remaining deal value reached $6.517 billion. It grew 4% sequentially, compared with 29% sequential growth in U.S. commercial revenue. Both contract-value measures presume customers exercise all available contract options and no contracts are terminated.¹

Palantir raised its full-year revenue guidance to $8.530 billion to $8.534 billion.¹ Its previous range was $8.150 billion to $8.158 billion.² It also raised U.S. commercial revenue guidance to more than $3.559 billion from more than $3.424 billion.^1–2

The Army has made initial awards for the warfighting applications in Next Generation Command and Control (NGC2), which it is moving from division-level prototyping to delivery at I Corps.^1–2 The awards, with an initial collective one-year value of approximately $93.6 million, went to General Dynamics Mission Systems, Air Space Intelligence Federal, Immersive Wisdom, LMI, Mente Systems, Stilman Advanced Strategies, Onebrief, Rune Technologies and AIR.¹ AIR was formerly Govini, Breaking Defense reported.³

The awards add to the software that Anduril, Palantir, Raft and Striveworks provide for the NGC2 data layer and core artificial intelligence capabilities.¹ According to Breaking Defense, the Army named Anduril in June to lead the common data layer baseline, with support from Palantir and Raft. On Monday, Anduril announced a $162.8 million initial base period for its early NGC2 work, Breaking Defense reported. The company said options could take the total to $1.8 billion over five years.³

A year of prototyping with I Corps' 4th and 25th Infantry Divisions informed the software capabilities and requirements to scale across the force. The Army says the NGC2 ecosystem will provide tools across six warfighting functions, from fires and intelligence to protection.¹ What the nine companies' applications will do is less clear. According to Breaking Defense, an Army spokesperson declined to describe their specific tasks, citing security concerns. Speaking generally, the spokesperson said they will support planning and course-of-action analysis, airspace management and deconfliction, and sustainment management and decision support.³