Airbus taps Silicon Valley expertise to speed production of A350
Airbus is tapping Silicon Valley data mining firm Palantir to help accelerate production of its new A350 aircraft, potentially saving the aerospace group hundreds of millions of dollars over the coming years. The secretive Palantir, which started out more than a decade ago working on national security projects, is valued at US$20b despite not yet delivering a profit. The multimillion-dollar deal with Airbus would help it reach its planned target of profitability this year, said CE Alex Karp. “We did very well last year,” he said, including “moving towards profitability faster than we planned”. Airbus began working with Palantir about 18 months ago, but has recently expanded the relationship — which has not previously been disclosed — to 8 projects across 4 countries, including final assembly of the A350. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-01-20/general/airbus-taps-silicon-valley-expertise-to-speed-production-of-a350
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Airbus taps Silicon Valley expertise to speed production of A350
Airbus is tapping Silicon Valley data mining firm Palantir to help accelerate production of its new A350 aircraft, potentially saving the aerospace group hundreds of millions of dollars over the coming years. The secretive Palantir, which started out more than a decade ago working on national security projects, is valued at US$20b despite not yet delivering a profit. The multimillion-dollar deal with Airbus would help it reach its planned target of profitability this year, said CE Alex Karp. “We did very well last year,” he said, including “moving towards profitability faster than we planned”. Airbus began working with Palantir about 18 months ago, but has recently expanded the relationship — which has not previously been disclosed — to 8 projects across 4 countries, including final assembly of the A350. <br/>
