U.S. defense, space and security will benefit from Boeing's use of Palantir's artificial intelligence-based Foundry platform to streamline its major production lines, officials said Tuesday.

Boeing will streamline military equipment production to improve the nation's defensive capabilities via Palantir's artificial intelligence technologies, officials for both announced on Tuesday. File Photo by Brian Kersey/UPI UPI

Sept. 23 (UPI) -- U.S. defense, space and security will benefit from Boeing's use of Palantir's artificial intelligence-based Foundry platform to streamline its major production lines, officials said Tuesday.

Boeing and Palantir announced the collaborative effort on Tuesday and said it will improve the production of military aircraft, helicopters, satellites, spacecraft, missiles and weapons systems.

"Palantir is on the cutting edge when it comes to leveraging artificial intelligence to accelerate getting critical products, services and capabilities in the hands of military operators," said Steve Parker, Boeing's Defense, Space & Security chief executive officer, in a news release on Tuesday.

"This collaboration is a natural fit that brings together two great companies with a common mission: supporting uniformed personnel in protecting freedom around the world."

Denver-based Palantir also will provide Boeing with AI expertise and capabilities on several classified efforts that support the needs of its military clients during their most sensitive missions.

The collaborative effort will enable Boeing and Palantir to deliver dominant military capabilities that enable the United States to more effectively deter conflicts and defend the nation, Palantir's head of defense, Mike Gallagher said.

"This partnership will turbocharge production and innovation, allowing Boeing and Palantir to bring cutting-edge technology to current and next-generation defense programs," Gallagher added.

"America's enemies aren't slowing down," he said. "Neither can we."

Palantir in August received an up-to $10 billion, 10-year contract to improve the U.S. Army's military readiness with AI.

Federal home mortgage firm Fannie Mae in May also contracted with Palantir to create an AI-powered unit to prevent and stop mortgage fraud.

The firm specializes in software development to better use AI to make rapid decisions in real time.