$Palantir (PLTR.US)$ Develop and deploy software platforms for the global intelligence community, business enterprises, and government entities.
Palantir announced on the 11th of this month an extension of its long-term partnership with the U.S. Army Vantage, which has now become the core software system to support the Army Data Platform (ADP). ADP's core software systems support diverse application cases across all data domains, including ordnance, logistics, recruiting, force management, talent management, financial management, risk management, and facilities management, enabling real-time data information across the U.S. Army. The contract value of the agreement is approximately $0.401 billion for a maximum term of four years, with a total potential cap of $0.619 billion.
Recently, Palantir and $Red Cat Holdings (RCAT.US)$ The collaboration, which aims to integrate Palantir's visual navigation and artificial intelligence technology into Red Cat's Black Widow drone, is expected to have a profound impact on the way autonomous small drone systems fight in modern warfare. The Black Widow drone will achieve a performance leap by integrating Palantir's VNav software with Warp Speed manufacturing operating system after being selected for the U.S. Army's short-range reconnaissance program. Specifically, Palantir's VNav...