Palantir Selected to Deliver Prototype for Army’s Ground Station Modernization
January 13 2021 - 6:59AM
Business Wire
Palantir Technologies Inc. (NYSE:PLTR) announced today the Army
(PEO IEW&S) down-selected it to deliver a prototype for the
first phase of the Army’s Ground Station modernization in support
of the Army’s Tactical Intelligence Targeting Access Node (TITAN)
program.
The contract value for this phase is $8.5 million, with a
potential contract value of approximately $250 million over all 4
phases. Palantir was awarded a Phase 1 Project Agreement through an
Other Transaction Agreement (OTA) with Consortium Management Group,
Inc. (CMG) on behalf of Consortium for Command, Control and
Communications in Cyberspace (C5).
During the first phase of the effort, Palantir will collaborate
with the Army to design and demonstrate the ground station
prototype solution for the Army’s TITAN program. The Palantir
solution will leverage space, high altitude, aerial, terrestrial
sensors and data sources for use in intelligence and military
targeting operations. It will field a “turn key” solution for the
Army that integrates data from a variety of sources including
commercial and classified sources from space to ground sensors.
The results of the first phase of this competitive contract will
be used by the Army to inform awarding of future phases and
eventual production of the ground station for the TITAN
enterprise.
“Palantir’s products were built for just this purpose,” said
Doug Philippone, Palantir’s Global Defense lead. “Operators down
range need shortened targeting timelines when dealing with near
peer threats, and our existing programs create the perfect
operating system to accelerate decision-making.”
This ground station modernization effort will field a globally
distributed intelligence enterprise to meet the challenge of Joint
All-Domain Operations against near peer threats. The overall
solution will incorporate data integration, fusion, processing, and
analytic capabilities using AI and ML to automate and assist the
Army in shortening sensor-to-shooter timeline. This system will
provide a comprehensive deployable edge solution to counter global
threats in challenging and austere environments to support
intelligence and targeting.
About Palantir Technologies
Palantir Technologies is a software company that builds
enterprise data platforms for use by organizations with complex and
sensitive data environments. From building safer cars and planes,
to discovering new drugs and combating terrorism, Palantir helps
customers across the public, private, and nonprofit sectors
transform the way they use their data. Additional information is
available at https://www.palantir.com.
About CMG
The mission of Consortium Management Group, Inc. on behalf of
Consortium for Command, Control, and Communications in Cyberspace
(C5) is to speed development of technologies to improve U.S.
Government capabilities required to sustain U.S. military supremacy
in weapon systems information technologies.
For more information on CMG and its uniquely rapid,
cost-effective and collaborative acquisition vehicle for companies,
nonprofits and academic organizations seeking to do business with
the Federal Government, contact Mary Reinecke at mary@cmgcorp.org,
202-466-4211.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These statements may relate to, but are not limited to,
Palantir’s expectations regarding the amount and the terms of the
contract and the expected benefits of its software platforms.
Forward-looking statements are inherently subject to risks and
uncertainties, some of which cannot be predicted or quantified.
Forward-looking statements are based on information available at
the time those statements are made and were based on current
expectations as well as the beliefs and assumptions of management
as of that time with respect to future events. These statements are
subject to risks and uncertainties, many of which involve factors
or circumstances that are beyond our control. These risks and
uncertainties include our ability to meet the unique needs of our
customer; the failure of our platforms to satisfy our customer or
perform as desired; the frequency or severity of any software and
implementation errors; our platforms’ reliability; and our
customer’s ability to modify or terminate the contract or
partnership. Additional information regarding these and other risks
and uncertainties is included in the filings we make with the
Securities and Exchange Commission from time to time. Except as
required by law, we do not undertake any obligation to publicly
update or revise any forward-looking statement, whether as a result
of new information, future developments, or otherwise.
Effort sponsored by the U.S. Government under Other Transaction
number W15QKN-17-9-5555 between the Consortium Management Group,
Inc., and the Government. The U.S. Government is authorized to
reproduce and distribute reprints for Governmental purposes
notwithstanding any copyright notation thereon.
The views and conclusions contained herein are those of the
authors and should not be interpreted as necessarily representing
the official policies or endorsements, either expressed or implied,
of the U.S. Government.
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version on businesswire.com: https://www.businesswire.com/news/home/20210113005276/en/
Media Lisa Gordon media@palantir.com
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