PALANTIR TECHNOLOGIES CONTRACT EXTENDED WITH US ARMY
July 29, 2022
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The U.S. Army Research Laboratory has expanded its existing contract with Palantir Technologies ($NYSE:PLTR) by two years. The software firm first collaborated with the Army Research Lab in 2018, providing state-of-the-art operational data and AI capabilities to those on the frontlines. Palantir’s platform has supported the integration, management, and deployment of relevant data and AI model training to all of the Armed Services, COCOMs, and special operators. The contract extension will bring Palantir’s operational RDT&E work to more users globally. Investors will likely see this news as positive for Palantir, as it indicates that the company’s technology is meeting the needs of a major customer. This could lead to increased demand for Palantir’s products and services, which would in turn boost the company’s revenue and earnings over the long term.
This move comes after the U.S. This news is positive for Palantir, as it indicates that the company’s software is still in high demand by the military. Palantir shares have been volatile in recent months, but this news gives investors some certainty that the company will continue to generate revenue from its government contracts.
Fundamental analysis is essential to understanding a company’s long-term potential. The VI app makes it easy to analyze a company’s financial and business risk factors. According to the VI Risk Rating, PALANTIR TECHNOLOGIES is a medium risk investment in terms of financial and business aspects. Potential risks can be found in the business and financial areas on our website.
The company has a strong focus on government and law enforcement contracts, and has been a major contractor for the United States Army. The company’s stock price rose by 1.1% following the news that their contract had been extended with the Army. This is likely due to investors anticipating that the company will continue to grow and be profitable. PALANTIR TECHNOLOGIES is a good investment for those who are looking for a company with a strong government contracting business. The company’s stock price is likely to continue to rise as they win more contracts and deliver on their promises.
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