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Palantir secures deal with the US military

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Miguel A. Rodriguez
Miguel A. Rodriguez
25 May 2021
One of the largest data analytics platforms revealed its new contract with two military space programs

Palantir Technologies confirmed the $32.5 million contract it won to provide its software to the US Air Force and Space Force. Upon the deal’s sealing, Palantir will start offering its software to the Department of the Air Force (DAF), Space and Missile System Center's Cross-Mission Ground & Communications Enterprise (SMX/ECX) NORAD-NORTHCOM.

"I'm excited about this partnership and the work we are doing to provide better data-driven decision making to our leadership. Palantir's technology and framework has truly accelerated our ability to remove data stovepipes throughout the community and create actionable knowledge," stated Col. Jennifer Krolikowski, the senior materiel leader for Space C2.

This is not Palantir's first military rodeo. In 2020, it worked with the Space Force to provide a data backbone for the space command and control modernization program, using Foundry to create a common operating picture space.

Following the news, Palantir stock price edged 2.27% higher.

Sources: cnbc.com, finance.yahoo.com

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.