Palantir's Subsidiary Strengthens Military Data Analysis with Contracts Totaling $110M+
- June 15th, 2023
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Palantir USG Inc., a subsidiary of Palantir Technologies Inc. (NYSE: PLTR), has been awarded a total of $110,454,815 in firm-fixed-price contracts for its Data-as-a-Service Platform solutions. These contracts, with Space Systems Command, Los Angeles Air Force Base, El Segundo, California, serving as the contracting activity, highlight Palantir USG Inc.'s expertise in providing critical data analysis and decision-making capabilities to various branches of the U.S. military.
The first contract, worth $58,463,148, is awarded by Headquarters Air Force (HAF) and focuses on automating data ingestion from multiple sources within the Department of the Air Force. This comprehensive data foundation supports readiness information and aids in HAF-wide decision-making and analysis.
Palantir USG Inc. has also been awarded a $32,791,667 contract for its Data-as-a-Service Platform in support of Space Command and Control (C2) and Mission Partner. This contract enables the furnishing of commercial software licenses to enhance mission-critical Space situational awareness and C2 capabilities. Additionally, it facilitates the ingestion of Special Access Program data, bolstering the platform's capabilities.
Furthermore, a $19,200,000 contract has been awarded to Palantir USG Inc. in support of North American Aerospace Defense Command/U.S. Northern Command. This contract empowers the Command and Control Center to ingest data from various domains, supporting ongoing planning and operations for Joint All-Domain Command and Control.
$PLTR closed at $16.60 on Thursday, reflecting a gain of $0.69 (4.34%)
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