Palantir wins $114 million contract from US Army

Army Vantage Reaffirms Palantir Partnership with $114M Agreement

DENVER–(BUSINESS WIRE)– Palantir Technologies Inc. (NYSE:PLTR) announced today that the U.S. Army’s Program Executive Office for Enterprise Information Systems (PEO EIS) opted to execute the second year of its partnership with Palantir on the Army Vantage program, for a total price of $113.8 million for the year.

In December 2019, the U.S. Army selected Palantir for a $458 million production agreement to power Army Vantage, a comprehensive data analytics platform to facilitate data-driven decision making. The contract was for a base year and three option years, and Palantir was awarded $110 million at the time for the base year. The Army selected Palantir under a competitive prototype process and worked with Palantir to implement Army Vantage and quickly bring it to production.

Vantage is powered by Palantir’s software, which provides a central operating system that enhances readiness and offers near real-time visibility and access to disparate Army data sources on an integrated data platform. The Palantir platform enables organizations to make better use of the data they have by breaking down silos and offering a single operating picture.

Over the last year alone, Army Vantage has helped Army leaders make data-driven decisions in the fight against COVID-19 and allowed billions of taxpayer dollars to be freed up for high priority projects. In November, Army Vantage received a Public Sector Government Innovation Award for making data analysis accessible across the Army.

“This renewal highlights the partnership between Palantir and the Army,” said Doug Philippone, Global Defense Lead at Palantir. “Vantage continues to fulfill its mission of helping the U.S. Army make the best possible use of its data.”

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.