PLTR · News · 20260923N

FAA Contract Loss

Palantir Technologies Inc. · 2026-09-23 · Importance 34 · Surprise 42

Palantir lost the Federal Aviation Administration's SMART contract, despite the FAA launching the Strategic Management of Airspace, Routes, and Trajectories system on September 21. The system is being used to manage flights at three major Washington-area airports and was described in market coverage as an AI-powered platform using Palantir technology. Rosenblatt reiterated a Buy rating and a $225 price target while citing the FAA rollout as a potential revenue opportunity. The reporting does not disclose the lost contract's value or any replacement award to Palantir.

Key facts

• Rosenblatt cited a new FAA SMART contract as its basis for optimism — but Palantir lost that contract. source