Palantir Extends Work to Power U.S. Army Vantage Program
15 Dezembro 2023 - 8:59AM
Business Wire
Palantir Technologies Inc. (NYSE: PLTR) today announced the
extension of its pivotal partnership with the U.S. Army’s Program
Executive Office for Enterprise Information Systems (PEO EIS) to
continue operating and enhancing the Army Vantage data-driven
operations and decision-making platform. This contract is a
one-year continuation of our work in support of the U.S. Army’s
objective to institute a long-standing Army Data Platform (ADP)
capability. The total contract value, inclusive of options, is
$115.04 million, with $97.35 million awarded and initial funding
obligated in the amount of $35.6 million.
The Army Vantage program is a cornerstone in the U.S. Army’s
transformative efforts to leverage data as a strategic asset,
integrating data sources from within the Army and across the
Department of Defense to provide a holistic, real-time operational
enterprise data ecosystem.
Under the extended contract, Palantir will continue to provide
its open data and analytics platform through continuous delivery to
provide new AI-enabled capabilities and open platform
infrastructure that promotes the program’s evolution to the Army
Data Platform vision. This extension is a testament to Palantir’s
continued success in empowering U.S. military decision-makers with
actionable insights and advanced analytical capabilities through
the delivery of a secure and open data environment.
“Palantir is honored to extend our work with the U.S. Army as it
evolves into the Army Data Platform solution,” said Akash Jain,
President of Palantir USG. “Building on our shared history of
operational excellence and innovation, our partnership has
consistently provided the Army with a decisive edge in data-driven
decision-making. This extension is evidence of the value we bring
to the nation’s defense, including our joint efforts to provide
more commercial technology providers the opportunity to equip
soldiers with the innovation they need to meet their most pressing
challenges.”
Army Vantage is instrumental in optimizing readiness, training,
logistics, talent management, and contract efficiency, while
promoting data-driven approaches that provide Soldiers and other
Army partner organizations access to the data and tools they need
to serve their missions across the entire Army enterprise. Army
Vantage integrates with the Army and Defense Department’s existing
systems and capabilities, ensuring that critical data is accessible
to commanders and decision-makers at all levels, and across a range
of operational theaters and mission contexts whenever and wherever
this information is needed. Throughout the program’s lifespan, Army
Vantage has enabled the Army to recoup savings on over $700 million
in additional de-obligated funds per year, amounting to nearly $4
billion since the program’s instantiation.
Over the next year, this partnership between Palantir and PEO
EIS will continue to support the Army’s mission critical work and
advance the program’s evolution to further enable the multi-vendor
Army data ecosystem. With this open software infrastructure, the
Army will be able to rapidly onboard and automate compliance for
new software capabilities. Palantir continues to drive investment
in this area through its FedStart program and Palantir Government
Web Services initiative, which seek to enable the government’s
vision of a big tent, multi-vendor ecosystem and a more resilient
marketplace of commercial software entities supporting the mission
of the Department of Defense.
About Palantir Technologies Inc.
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information is available at https://www.palantir.com.
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
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Forward-looking statements are based on information available at
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future developments, or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20231215388376/en/
Lisa Gordon media@palantir.com
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