Palantir Technologies has secured a new enterprise agreement with the U.S. Army valued at up to $10 billion over a 10-year period. This firm-fixed-price contract consolidates approximately 75 existing software contracts into a single framework, streamlining the Army's software procurement process and providing volume-based discounts. The deal aims to create a comprehensive software and data services framework to support the Army's future operational and data needs, enhancing military readiness and efficiency. The contract is Palantir's largest to date and is expected to be completed by July 31, 2035. This agreement positions Palantir as a central software provider for the U.S. Army and marks a major milestone in defense contracting for the company.
$PLTR $ACN $BAH -Palantir Is Extending Its Reach Even Further Into Government- https://t.co/7ZIQJ1zTaj
$PLTR IS THE $10B CONSOLIDATION PRICED IN? The $10B Palantir consolidation contract is already priced in, setting a high bar for the stock. For meaningful multiple expansion, revenue growth needs to surprise to the upside and push past $1B. https://t.co/G5sO6Z1e6E
$PLTR IS THE $10B CONSOLIDATION PRICED IN? The $10B Palantir consolidation contract is already priced in, setting a high bar for the stock. For meaningful multiple expansion, revenue growth needs to surprise to the upside and push past the $1B mark this quarter. That would