Shares of Ondas Holdings Inc (NASDAQ:ONDS) rose 7.2% on Wednesday after the company disclosed a strategic partnership with Palantir Technologies Inc. (NASDAQ:PLTR) and World View Enterprises to develop artificial intelligence-enabled intelligence, surveillance and reconnaissance - ISR - capabilities.
The three-way collaboration will combine Palantir’s Artificial Intelligence Platform with Ondas’ autonomous aerial and ground systems and World View’s Stratollite high-altitude balloon platform. The partners say the aim is to assemble a multi-domain ISR architecture that provides unified command and control to support persistent ISR missions spanning stratospheric, aerial and land-based domains.
Officials outlined three discrete development tracks under the agreement. The first, Palantir Warp Speed, is oriented toward production management. The second, AI Flight Director, will focus on mission operations. The third, SkyWeaver, targets edge computing capabilities that sit closer to sensors and platforms. Integration across Ondas’ multi-domain portfolio is slated to begin as early as the fourth quarter of 2026.
"This partnership represents an important step in building a scalable, software-defined ISR architecture capable of supporting the next generation of multi-domain operations," said Eric Brock, Chairman and Chief Executive Officer of Ondas.
The agreement builds on a recently announced strategic investment and partnership between Ondas and World View. Executives framed the combined capabilities as intended to deliver persistent awareness and rapid response for defense, homeland security and allied security customers.
In a separate announcement, Centrus Energy (NYSE:LEU) said it will partner with Palantir to deploy AI-driven software across its uranium enrichment expansion in Piketon, Ohio. Centrus shares rose 6.4% following the news. The companies reported that early work since the partnership began in late January has identified nearly $300 million in potential cost savings.
Evercore ISI analyst Nicholas Amicucci maintained an Outperform rating and a $390.00 price target on Centrus Energy Corp. (NYSE:LEU). The analyst said that Centrus continued its partnership announcement momentum with a strategic agreement with Palantir to introduce AI-driven software across the multibillion-dollar Piketon enrichment expansion, and that early work had already identified nearly $300MM in potential cost savings since the agreement was signed in January, which the analyst described as only "the tip of the iceberg."
Both transactions underscore a push to integrate large-scale software platforms with physical systems in defense-related ISR and critical industrial operations. Market reaction to the announcements was reflected in the intraday moves in Ondas and Centrus shares.
Sector impacts
- Defense and homeland security - potential augmentation of ISR capabilities and command-and-control systems.
- Energy and industrial operations - application of AI for cost savings and operational efficiency in nuclear fuel processing.
- Aerospace and unmanned systems - integration of high-altitude balloons, drones and ground systems into a coordinated architecture.