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Palantir stock rallies 13% on $823 million Army contract

Tiger Newspress2021-10-06

Palantir Technologies Inc. shares rallied in the extended session Tuesday after the data-software company said it was selected for a U.S. Army intelligence program contract. Palantir shares surged 13% after hours, following a 0.2% rise to close at $23.21.

Palantir Technologies Inc. announced it has been selected by the U.S. Army’s Program Manager for Intelligence Systems and Analytics to deliver the Army’s Intelligence data fabric and analytics foundation for the Capability Drop 2 (CD-2) program.

Palantir was selected to progress to the next phase of the Army’s competitive $823m indefinite delivery, indefinite quantity (IDIQ) contract. After collaborating with the Army on a successful “Test, Fix, Test” process, Palantir will support the Army as they proceed through final testing and fielding.

Palantir will deploy the Palantir Gotham Platform to support Army Intelligence users worldwide with a globally federated Intelligence data fabric and analytics platform spanning multiple security classifications. This capability will field modern data integration, correlation, fusion, and analytic capabilities that prepare the Army for the next fight against emerging near peer threats.

The Gotham platform is an operating system for defense decision making and is specifically designed to connect the dots between disparate sources. The Army Intelligence community will use this capability to modernize their data foundation by migrating legacy programs to CD-2. The Army will also use CD-2 to serve as an enabler for future modernization efforts supporting Joint All Domain Operations.

CD-2 is one of several efforts Palantir is working on with PEO IEW&S to modernize the Army’s intelligence enterprise, alongside Capability Drop 1 (CD-1) and the Tactical Intelligence Targeting Access Node (TITAN) programs.

“We look forward to the continued partnership with PEO IEW&S and the Army’s Intelligence Community in providing new and exciting technology that help them in their modernization efforts,” said Doug Philippone, Palantir’s Global Defense Lead.

About Palantir Technologies

Palantir Technologies is a software company that builds enterprise data platforms for use by organizations with complex and sensitive data environments. From building safer cars and planes, to discovering new drugs and combating terrorism, Palantir helps customers across the public, private, and nonprofit sectors transform the way they use their data.

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评论92

  • Officer
    ·2021-10-07
    Great to hear Plantir Gotham proceed to the final "testing and fielding" phase.  With the track record and wide usage of Gotham is US military, am optimistic of being awarded the deal :)
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  • 丰人
    ·2021-10-07
    Like
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  • Starlet
    ·2021-10-06
    Doesnt look like it is reflective of the price today
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  • solver
    ·2021-10-06
    Looks like today may breach $27 easily
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  • yngwin111
    ·2021-10-06
    [美金] 
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  • AlexChan888
    ·2021-10-06
    Great! 
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  • Jialatsia
    ·2021-10-06
    Meep
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  • Dennyeo
    ·2021-10-06
    Careful here 
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  • james_l
    ·2021-10-06
    Wow. Should have bought when it was cheap
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  • Ivanami
    ·2021-10-06
    🚀
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  • SereneT
    ·2021-10-06
    Great
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  • hpt
    ·2021-10-06
    Good
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  • Hangen
    ·2021-10-06
    Very good.
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  • AngieAbcde
    ·2021-10-06
    Damn I sold it 
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  • sugizoi4u
    ·2021-10-06
    Great news for Palantir! This is a big contract. 
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    收起
    • BhaskarB
      Ok
      2021-10-06
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    • Foxie
      Yes!!!
      2021-10-06
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  • bernardlinzw
    ·2021-10-06
    Wooohooooo
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  • Deonc
    ·2021-10-06
    great, please like and comment.
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    收起
    • Deonc

      Please like and feel free to comment. [龇牙]

      2021-10-06
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    • Deonc

      When it comes to trading, the decision of when to buy a stock can sometimes be easier than knowing when is the appropriate time to sell a stock.

      2021-10-06
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    • Deonc

      Comment back, please

      2021-10-06
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    查看更多 2 条评论
  • lewisleeks
    ·2021-10-06
    Wow[What] [Miser] 
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    收起
  • snarly
    ·2021-10-06
    Great
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  • bmng
    ·2021-10-06
    Good
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