The U.S. Army’s Program Manager for Intelligence Systems and Analytics has selected software firm Palantir Technologies (PLTR) to provide Intelligence data fabric and analytics platform for its Capability Drop 2 (CD-2) program. Headquartered in Colorado, the company develops enterprise data platforms for organizations with complex and sensitive data environments. Palantir’s shares were up 7.3%, at the time of writing, in early trade on Wednesday. The selection forms a part of the Army’s $823 million indefinite-delivery, indefinite-quantity (IDIQ) contract. Palantir had earlier collaborated with the Army on the “Test, Fix, Test” process, and it would now provide support through final testing and fielding.
https://www.tipranks.com/news/u-s-army-selects-palantir-to-provide-intelligence-data-fabric-and-analytics-platform?utm_source=advfn.com&utm_medium=referral
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