Why These Defense Stocks Are Gaining This Week

5. Planet Labs PBC (NYSE:PL)

Weekly Gains: 14.56%

Planet Labs PBC (NYSE:PL) provides global daily satellite imagery and geospatial solutions. It is among the defense stocks that are gaining this week.

On March 6, the company announced a strategic partnership with AI startup Anthropic, to leverage its large language model Claude to analyze Earth observation data. Planet Labs PBC (NYSE:PL) believes the integration, which will also involve its own daily geospatial data, has the potential to enable near real-time pattern recognition and detection on a global scale.

On March 11, Planet Labs PBC (NYSE:PL) signed another partnership with Syngenta, a leading global agritech firm, to enable farmers’ access to near-daily satellite imagery of their fields to monitor crop health, identify disease outbreaks, and detect pest infestations. These recent developments have attracted investor interest and resulted in impressive returns over the past week.