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  • Thursday, April 25, 2024

Palantir Wins $91M Army R&D Support Contract

Palantir, a data analysis software company headquartered in Denver, has won a potential $91.2M contract to support U.S. Army research and development projects.

The Department of Defense said Tuesday the company will perform general R&D work for the Army Research Laboratory in Adelphi, Maryland, through Sept. 28, 2022.

The service branch received 999 bids for the firm-fixed-price contract via an online solicitation and obligated $44.1M at the time of award.

Palantir offers software platforms that are designed to help customers integrate, manage and secure data. The company is scheduled Wednesday to begin trading Class A shares on the New York Stock Exchange via a direct listing.

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