Palantir's Stock Gains After Extending Army Contract Worth $619 Million [Yahoo! Finance]
Palantir Technologies Inc. Class A (PLTR)
Company Research
Source: Yahoo! Finance
Army that could be worth $618.9 million. With Thursday's gains, the stock has more than quadrupled in value since the start of the year. The stock is set to join the Nasdaq 100 Index next Monday. Palantir Technologies ( PLTR ) shares gained Thursday after the analytics software provider said it extended a contract with the U.S. Army that could be worth more than half a billion dollars. The company said the agreement has a value of $400.7 million for up to four years, with a potential to reach $618.9 million. Palantir and the Army have partnered since 2018 in a program known as Army Vantage, with Palantir providing the Army with “data and artificial intelligence (AI) to more effectively perform essential missions and enable faster decision-making across the force.” The company added that with its software, “the Army is able to create AI-enabled data solutions that integrate, analyze, and visualize information from multiple disparate data sources to better enable operational
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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