Palantir stock pops on expanded pact with U.S. Special Operations Command
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Shares of Palantir Technologies (NASDAQ:PLTR) popped over 7% Monday morning after the U.S. Special Operations Command (USSOCOM) expanded contract with the software firm to deliver advanced AI and mission manager capabilities.
The contract establishes Palantir (PLTR) as the lead software integrator for USSOCOM’s Mission Command System, with one-year delivery valued at $36.8M.
This contract award marks the first deployment of Palantir’s Mission Manager to SOF Units. Mission Manager employs Palantir’s secure, Kubernetes-based infrastructure to streamline the Government’s onboarding of emergent technologies from commercial software vendors into a secure environment.
The expanded pact also enables pilot projects across the broader Command, inclusive of efforts dedicated to bringing Palantir’s advanced artificial intelligence capabilities to USSOCOM.