DENVER, Nov. 30, 2022 /PRNewswire/ -- Palantir Technologies Inc. (NYSE: PLTR) and Lockheed Martin are announcing a collaboration focused on delivering modern software to support today's and tomorrow's Navy combat systems by leveraging Lockheed Martin's deep technical experience, and Palantir's Apollo platform.

Palantir logo (PRNewsfoto/Palantir Technologies)

The collaboration focuses on driving innovation and working closely with the U.S. Navy to modernize its combat systems for the surface fleet. Lockheed Martin and Palantir have come together to solve some of the most complex challenges that arise in the rapid and secure delivery of software to where it's needed most in heterogeneous environments.

Palantir Apollo enables a technique of software development and delivery called Autonomous Deployment. It allows developers to write and deploy software that includes the application's requirements and enables teams to work closely on software asynchronously. Apollo then enables DevOps, security teams, and operators the ability to scale and deliver innovation rapidly, all while dev teams can get real-time feedback and performance reporting.

"The Navy needs capability to update software at the edge rapidly and securely to address ever-evolving threats. Lockheed Martin is investing in skills, capabilities, tools, and infrastructure to deliver the best software to the warfighter efficiently and affordably. Palantir's Apollo is central to these efforts. Apollo addresses last-mile delivery challenges and performs automated software deployment and management across secure government networks, cloud environments and on-platform environments," said Joe DePietro, Vice President & General Manager for Naval Combat & Missile Defense Systems at Lockheed Martin.

"Palantir was built to solve the world's most difficult problems with truly best-in-class, cutting-edge technology. We believe that, by sharing our approach through the Apollo product, more customers can take advantage of the Autonomous Deployment approach," said Palantir COO Shyam Sankar.

"We've had the privilege of working in the most demanding operational contexts with our customers, deploying software that connects with frontline requirements," said Greg DeArment, Chief Architect and Head of Apollo Platform. "We will continue to strengthen our products to meet rapidly expanding needs – whether centralized, federated, or at the edge – across key industries."

To learn more about Palantir's Apollo platform, visit https://pl.ntr/2ao.

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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 our 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. 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.

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