Reported September 18; Palantir USG Awarded $99.8M Contract For Maven Smart System AI Tool, Software Support, And Hardware, With Completion Expected By September 2029
Portfolio Pulse from Benzinga Newsdesk
Palantir Technologies has been awarded a $99.8 million contract by the US government for the Maven Smart System AI tool, software support, and hardware. The contract is expected to be completed by September 2029.
September 19, 2024 | 1:32 pm
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Palantir Technologies has secured a significant $99.8 million contract with the US government for AI tools and support, enhancing its revenue stream and strengthening its position in government contracts.
The $99.8 million contract with the US government is a substantial addition to Palantir's revenue, likely boosting investor confidence and stock price in the short term. The long-term nature of the contract (completion by 2029) suggests sustained revenue and strengthens Palantir's position in government-related AI services.
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