Palantir extends Army Vantage partnership with $618.9M contract

Palantir (PLTR) Technologies announced that it has extended its long-standing partnership with the U.S. Army to deliver the Army Vantage capability in support of the “Army Data Platform” (ADP). The total value of this agreement is $400,746,583 for a period of up to four years, with a total available ceiling of $618,871,428. 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, the company said. This new agreement will operationalize data across the entire Department of the Army. The program anticipates continued growth and improvement by providing further flexibility to support additional Army programs with data and AI capabilities, fostering deeper integration and interoperability across the Department through leading technology investment. “Palantir is proud to support the Army’s commitment to more efficient, data-driven decisions through the successful expansion of the Vantage program,” said Akash Jain, President, Palantir USG. “Our continuous addition of new AI capabilities enables the Army’s own ability to develop applications and incorporate the benefits of effective data analysis across nearly every high-priority mission in the Army.”