Latest news with #VatnSystems
Yahoo
12-05-2025
- Automotive
- Yahoo
Autonomous underwater vehicle manufacturer opens new plant in Bristol
BRISTOL, R.I. (WPRI) — A local company has opened a new manufacturing facility in Bristol to make autonomous underwater vehicles (AUVs). Gov. Dan McKee was among those who attended Vatn Systems' plant opening and product launch Monday morning. Vatn Systems builds self-driving underwater vehicles for the U.S. Military and allies. They say the new facility is the highest capacity production site for AUVs in the country. 'With current industry standards at about 200 vehicles per year, this facility will enable a strong competitive differentiation for us as we scale production capacity to 2,000+ vehicles annually to meet growing customer demand,' manufacturing director Brendan Smith said. Additionally, Vatn Systems announced the launch of a new innovative AUV-torpedo product line: Skelmir S12. 'With the Skelmir S12, we set out to fill a critical market void — creating a vessel that merges the capabilities of a traditional AUV with the agility and performance of a lightweight torpedo for a fraction of the cost,' Vatn Systems co-founder and CEO Nelson Mills explained. Vatn Systems was founded in 2023 by a team of maritime experts and military leaders. Download the and apps to get breaking news and weather alerts. Watch or with the new . Follow us on social media: Close Thanks for signing up! Watch for us in your inbox. Subscribe Now Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Associated Press
12-05-2025
- Automotive
- Associated Press
Vatn Systems Unveils New AUV-Torpedo Product Line and Opens State-of-the-Art Manufacturing Facility
The Skelmir S12 is a lightweight 12.75-inch diameter platform that enables AUV and torpedo missions representing a significant leap in underwater technology, offering unprecedented pricing, flexibility, and performance The company's new manufacturing facility leverages patent-pending modular design and vertical integration techniques, enabling rapid production at a scale previously unseen in the underwater vehicle market PORTSMOUTH, R.I., May 12, 2025 /PRNewswire/ -- Vatn Systems, a leading defense technology company building autonomous underwater vehicles (AUVs) for the US military and allies, along with commercial customers, today announced the launch of its new innovative AUV-torpedo product line, the Skelmir S12, and the opening of a state-of-the-art manufacturing facility, which is capable of producing up to 2,000 vehicles annually. New AUV-Torpedo Product Line Fills Gap in the Market The 12.75-inch diameter AUV represents a significant leap in underwater technology, offering unprecedented flexibility and performance with the ability to fulfill torpedo and AUV roles in various modular configurations. Uniquely designed to be agnostically deployed from submarines, surface vessels, and aircraft, the vehicle can serve multiple mission profiles including torpedo operations, sensor platforms, and electronic warfare capabilities. 'With the Skelmir S12, we set out to fill a critical market void—creating a vessel that merges the capabilities of a traditional AUV with the agility and performance of a lightweight torpedo for a fraction of the cost,' said Nelson Mills, co-founder and CEO of Vatn Systems. 'We've created a platform that delivers superior payload capacity, flexible deployment, and unmatched cost-effectiveness compared to existing solutions, and we're excited to be able to produce these at scale in our new manufacturing facility to fill that gap in the market and meet customer demand starting this summer.' The Skelmir S12, in its AUV configuration, has successfully completed its first exercise and the first production run has already been sold to government customers, with deliveries expected this year. The torpedo variant will be manufactured and delivered next year. See here for a product overview video: New Manufacturing Facility Scales Production to an Industry-Leading 2,000+ Vehicles Per Year The company's new manufacturing facility leverages patent-pending modular design and vertical integration techniques, enabling rapid production at a scale previously unseen in the underwater vehicle market. 'With current industry standards at about 200 vehicles per year, this facility will enable a strong competitive differentiation for us as we scale production capacity to 2,000+ vehicles annually to meet growing customer demand,' said Brendan Smith, Director of Manufacturing at Vatn Systems. Smith recently joined the team from Boston Dynamics, where he led the scaling of manufacturing operations for multiple robot hardware programs from early stage development to high rate production. 'By leveraging modular design and vertically integrated production, we're able to reduce lead times, minimize handoffs, and eliminate many of the inefficiencies common in traditional assembly processes,' Smith added. 'This approach gives us tighter control over quality, faster iteration cycles, and the ability to rapidly scale output as demand increases.' Vatn recently announced a partnership with Palantir that enables the company to digitize its manufacturing process and provide AI-driven insights to accelerate the production of AUVs built in the new facility, which is expected to reach full production capability in July 2025. About Vatn Systems Vatn Systems is a leading defense technology company building autonomous underwater vehicles that can be deployed at scale for the US military and allies. Founded in 2023 by a team of maritime experts and military leaders, Vatn Systems is on a mission to be the next underwater defense prime in a world where autonomous systems dominate naval battlefields. For more information, visit and follow the company on LinkedIn. Media Contacts McKenzie Hicks [email protected] View original content to download multimedia: SOURCE Vatn Systems
Yahoo
26-04-2025
- Business
- Yahoo
Palantir Technologies (NasdaqGS:PLTR) Surges 43% Over Last Quarter
Palantir Technologies recently saw a collaboration with Anthropic to deploy secure AI solutions for the government sector, and a partnership with Vatn Systems to enhance manufacturing through AI, which coincide with its stock achieving a 43% gain over the last quarter. These key developments, along with others such as strategic alliances and the company's addition to the S&P 100 index, potentially underscored its strong performance, particularly when compared to the broader market's more modest 8% annual climb and 5% weekly rise. The company's focus on security and AI innovation likely contributed positively to investor sentiment. We've identified 1 possible red flag for Palantir Technologies that you should be aware of. Find companies with promising cash flow potential yet trading below their fair value. Over the past three years, Palantir Technologies' shares experienced a very large total return of 984.42%. This performance marks a substantial appreciation, well surpassing the US market and industry averages over the past year, which saw returns of 7.7% and 6.7%, respectively. Such remarkable growth reflects the company's strong operational and strategic execution, particularly in harnessing AI technologies to forge key partnerships and secure lucrative contracts. The recent initiatives mentioned in the introduction, such as partnerships with Anthropic and Vatn Systems, are likely to positively influence revenue and earnings forecasts. The collaboration with entities across industries enhances Palantir's service offerings and strengthens its market positioning, contributing to optimistic financial projections. Despite the company's current share price exceeding the consensus price target of US$87.05, highlighting potential discrepancies in market valuations, the ongoing expansion in AI solutions could further bolster investor confidence and support sustained interest in the shares. Gain insights into Palantir Technologies' outlook and expected performance with our report on the company's earnings estimates. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:PLTR. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Associated Press
16-04-2025
- Business
- Associated Press
Vatn Systems and Palantir Partner to Scale Manufacturing of Autonomous Underwater Vehicles for National Defense
The partnership leverages Palantir's advanced software platform to supercharge its manufacturing process to rapidly scale production capabilities Collaboration brings AI-powered manufacturing to AUV production, bolstering the U.S. defense industrial base PORTSMOUTH, R.I., April 16, 2025 /PRNewswire/ -- Vatn Systems, a leading defense technology company building autonomous underwater vehicles (AUVs) for the US military and allies, today announced a strategic partnership with Palantir Technologies to further digitize and scale its manufacturing capabilities. 'Partnering with Palantir enables us to move smarter and faster as we achieve our vision of becoming the platform-scale manufacturer of low cost and attributable autonomous underwater systems in the United States,' said Nelson Mills, co-founder and CEO of Vatn Systems. 'Palantir's technology gives us real-time visibility into our operations, strengthening our ability to anticipate challenges, optimize resources, and deliver critical systems to our customers with unprecedented speed and precision.' The partnership leverages Palantir's advanced software platform to digitize the manufacturing process and provide AI-driven insights that will accelerate the production of underwater vehicles for national security applications. The collaboration will enable Vatn to streamline its Supply Chain Management and build additional resiliency. 'Vatn is building exactly the kind of mission-critical capability that our software is designed to support,' said Palantir's Louis Mosley. 'Providing a digital, AI-powered backbone for the company's operations, will help to build these AUVs faster, make them more adaptable and ultimately strengthen western deterrence.' Since its founding in April 2023, Vatn Systems has progressed from concept to deployment, delivering its first AUVs in 17 months. The company is already actively testing in military exercises with key defense organizations including the U.S. Navy. With 12 vehicles now in the hands of government customers and more on order, the company is accelerating production in partnership with Palantir. This collaboration marks an important milestone in strengthening the U.S. defense industrial base, modernizing how underwater systems are built, and combining the best software and hardware to develop the kinds of capabilities that can form the bedrock of Pillar 2 of the AUKUS defense and security partnership. About Palantir Technologies Inc. Foundational software of tomorrow. Delivered today. Additional information is available at About Vatn Systems Vatn Systems is a leading defense technology company building autonomous underwater vehicles that can be deployed at scale for the US military and allies. Founded in 2023 by a team of maritime experts and military leaders, Vatn Systems is on a mission to be the next underwater defense prime in a world where autonomous systems dominate naval battlefields. For more information, visit and follow the company on LinkedIn. Media Contacts Vatn Systems Contact McKenzie Hicks [email protected] Palantir Contact Lisa Gordon [email protected] View original content to download multimedia: SOURCE Vatn Systems
