Palantir Bags Contract From USSOCOM To Deliver Technology Solutions To Support Enterprise Capabilities; Multi-year Contract Is Worth Up To $463M
Portfolio Pulse from Benzinga Newsdesk
Palantir has secured a multi-year contract worth up to $463 million from USSOCOM to deliver technology solutions supporting enterprise capabilities. The company's software will help parse petabytes of data and enable decision-making for America's warfighters.
June 05, 2023 | 11:03 am
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Palantir's multi-year contract with USSOCOM worth up to $463 million will boost the company's revenues and strengthen its position in the defense sector.
The contract with USSOCOM is a significant win for Palantir, as it not only increases the company's revenues but also strengthens its position in the defense sector. The multi-year nature of the contract provides a stable source of income and enhances the company's reputation as a reliable technology solutions provider.
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