Palantir Expands Army Vantage Partnership with $618.9M Contract
Palantir Technologies Inc. Class A (PLTR)
Company Research
Source: Business Wire
Leading data analytics platform and AI/ML tools to continue supporting Army Data Platform strategy and Joint Multi-Domain Operations through 2028 DENVER--(BUSINESS WIRE)--Palantir Technologies Inc. (NASDAQ: PLTR) today announced that it has extended its long-standing partnership with the U.S. Army to deliver the Army Vantage capability in support of the “Army Data Platform” (ADP). The total value of this agreement is $400,746,583 for a period of up to four years, with a total available ceiling of $618,871,428.Since 2018, the Army has leveraged Palantir’s software to transform how it uses data and artificial intelligence (AI) to more effectively perform essential missions and enable faster decision-making across the force. With an initial focus on understanding personnel readiness and combat readiness, Vantage has today become the core software system enabling ADP. ADP powers warfighters at every echelon and supports a diverse set of use cases across every data domain including read
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PLTR
Earnings
- 11/4/24 - Beat
PLTR
Sec Filings
- 12/16/24 - Form 4
- 12/13/24 - Form 4
- 12/13/24 - Form 4
- PLTR's page on the SEC website