LONDON, Dec. 21,
2022 /PRNewswire/ -- Palantir Technologies UK, LTD.
today announced a landmark Enterprise Agreement (EA) with the UK
Ministry of Defence (MOD).
Worth £75 million over three years, the partnership will support
the MOD's digital transformation as it becomes a world-leading
agile force of the future. Spearheaded by Defence Digital and
powered by Palantir, the digital transformation will see the MOD
treat data as a strategic asset, harnessing its power to deliver
superior military advantage and greater efficiency across the
enterprise, from headquarters to the front lines.
This partnership aims to accelerate Defence Digital's ambitious
vision of where the UK needs to be by 2030, providing secure access
to its data across all operational domains, Top Level Budgets and
UK Armed Forces bases.
Working in close collaboration with Defence Digital, Palantir
software will enable the MOD to exploit data at scale and speed to
make faster, better decisions across Defence. Building on more than
a decade of partnership, the agreement will enable any part of UK
Defence to gain access to Palantir software across multiple
classifications, wherever and however it can help - turning the
MOD's digital vision into reality at pace.
Palantir builds leading digital platforms for data-driven
operations and decision-making. By helping develop a data-backed
representation of Defence assets, personnel and workstreams,
Palantir software brings all the data that matters into a single
view through a modeling concept known as an 'ontology.'
As disparate data sources are integrated into Palantir software,
it digests the information, cleaning and harmonising the data and
mapping it to an ontology. The ontology allows users to see data
not as rows and columns but as objects, properties, and the
relationships between them.
With this sophisticated, intuitive data model in place, MOD
personnel can perform advance scenario planning, testing hypotheses
and modelling how they would play out in real-time. Whether for
front-line operations, budget decisions or maintenance planning
with industry partners, Palantir's software gives the MOD the
ability to understand outcomes before making decisions.
Director Chief Data at Defence Digital Caroline Bellamy
said:
"As a strategic partner in a complex Defence Data eco-system,
Palantir products and services are helping Defence to become a
truly integrated digital enterprise, with data exploitation at the
heart of a faster, better, and more integrated Defence. A Defence
where real-time, interconnected data better informs decision
making, our people are digitally connected and empowered, and step
changes in digital capability have been made for our war fighters
and across our business operations."
Guy Williams, Head of UK
Defence & National Security, Palantir Technologies UK, Ltd.
said:
"Palantir's Enterprise Agreement with the MOD will accelerate
the UK Armed Forces' journey to become a truly integrated force.
We're proud to expand our long-standing relationship with the MOD
through our partnership with Defence Digital, and look forward to
delivering world-leading software capabilities to enable greater
operational outcomes."
Rear Admiral Jim Higham
said:
"Palantir Foundry is critical to the Royal Navy's transformation
driving radically improved availability of its ships and
submarines."
Across UK Defence, all Palantir users can adapt the platforms to
suit their needs using Palantir's suite of no-code/low-code
application builders, democratising access to data and levelling up
MOD users.
Palantir's UK office is one of the largest globally and is home
to the company's Research & Development hub.
About Palantir Technologies
Inc.
Foundational software of tomorrow. Delivered today. Additional
information is available at
https://www.palantir.com/uk/defence/
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.
Media Contact
Lisa Gordon
media@palantir.com
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SOURCE PALANTIR TECHNOLOGIES INC.