Reported about 19 hours ago
Palantir Technologies (PLTR) has strengthened its pipeline with a $100 million contract from the U.S. government to develop the Next-Generation Command and Control (NGC-2) platform in collaboration with Anduril. This project, crucial for the U.S. Army, is projected to generate at least $30 million in expected revenue for Palantir, potentially growing to over $150 million in annual recurring revenue in the next three years. This marks a significant increase in revenue compared to the previous year, and underscores Palantir's role in helping organizations analyze and integrate data for complex problem-solving.
Source: YAHOO