Palantir expands army vantage partnership with $618.9M contract
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- Palantir Technologies (NASDAQ:PLTR) said on Wednesday that it has extended its long-standing partnership with the U.S. Army to deliver the Army Vantage capability supporting the “Army Data Platform” (ADP).
- The total value of this agreement is $400.7M for a period of up to four years, with a total available ceiling of $618.9M.
- Since 2018, the Army has leveraged Palantir’s software to transform how it uses data and artificial intelligence to more effectively perform essential missions and enable faster decision-making across the force.
- This new agreement will operationalize data across the entire Department of the Army.
- Palantir (PLTR) shares were down 0.29% in postmarket trading.