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Palantir Shares Plummet Over 10% Following Pentagon Budget Cuts Report
In a startling development within the financial markets, Palantir Technologies, a prominent software firm known for its data analytics platforms, witnessed a staggering decline of over 10% in its stock price. This downturn has been attributed to a recent report indicating significant budget cuts within the Pentagon, which has raised serious concerns about the future of government contracts for the tech giant.
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F-35 Production Continues to Face Significant Quality Issues, Pentagon Test Office Reports
Recent assessments from the Pentagon's testing office have unveiled persistent quality control problems in the production of the F-35 fighter jet, casting a shadow over the program's efficiency and reliability. Despite previous efforts to rectify these issues, the latest findings indicate that the situation remains flawed, compromising both the aircraft's readiness and operational capability.
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