Palantir Technologies Inc. has entered into a $32.5 million fixed-sum contract with the US Space Force and Airforce, according to the company’s press release. The deal allows Palantir to provide software for critical missions by the forces.
Palantir is expected to deploy and maintain a Data-as-a-Service platform for various operations.
The company will support high-scale data to enhance collaborative and thorough planning and conduct of missions.
The deal is expected to improve the forces’ operations in critical missions, eliminating existing functional and organizational silos.
Palantir stock is currently gaining. PLTR: NYSE is up 0.22%.
