U.S. Army Awards Palantir $10 Billion Contract for AI and Data Integration

US Army pools contracts into up to $10 billion Palantir deal

July 31 (Reuters) - The U.S. Army on Thursday said it was consolidating dozens of contracts into a single enterprise deal with Palantir (PLTR.O), opens new tab, giving it volume-based discounts and the option to purchase up to $10 billion from the software provider over 10 years. The deal does not commit the Army to any new purchases, it said in a press release. The Army said the goal of this consolidation was to shorten procurement timelines and remove contract-related fees so it can deploy data integration and artificial intelligence tools faster. Reporting By Jeffrey Dastin in San Francisco; Editing by Chris Reese Our Standards: The Thomson Reuters Trust Principles., opens new tab

Palantir gets $10 billion contract from U.S. Army

The award covering the next decade is one of the largest DoD contracts ever, cementing the tech firm's role in warfighting for years to come. The U.S. Army issued Palantir a contract Thursday worth up to $10 billion over the course of the next decade. The new contract, the largest ever awarded to the software and data analysis company, cements Palantir's role as a major processor of data for the military. It comes on the heels of an additional $795 million the military allocated earlier this year to put into its artificial intelligence targeting software, Maven Smart System. The new enterprise agreement, according to an army statement, marks a significant shift in the army's software purchasing practices and "establishes a comprehensive framework for the Army's future software and data needs." The army said the new agreement would consolidate existing software contracts and lead to "significant cost efficiencies across mission-critical programs." "This streamlined approach reduces procurement timelines, ensuring soldiers have rapid access to cutting-edge data integration, analytics, and AI tools," the statement said. Palantir, co-founded by billionaire investor Peter Thiel, CEO Alex Karp, and three others, with an expressly patriotic mission shortly after 9/11, has been on a tear through Washington in recent months, garnering new business at seven federal agencies. The shift is driven, in part, by the Trump administration's focus on AI and on shifting government activities toward commercial companies. As the U.S. faces growing threats and military entanglements, from the war in Ukraine to increased tension between China and Taiwan, the Pentagon has ben making a priority of enhancing its capabilities in data-mining and AI warfare.

Palantir gets US Army contract worth up to $10 bln

Palantir, the powerful data and AI company with deep ties to US national security bodies, has won a multi-billion-dollar contract to run US Army software and data. The agreement, announced Thursday, consolidates multiple contracts into a single enterprise deal that allows the military to buy Palantir's products over the next decade to a value of up to $10 billion. "By streamlining our procurement processes and leveraging enterprise-level discounts, we are not only enhancing our operational effectiveness but also maximizing our buying power," said Army chief information officer Leo Garciga. Palantir, an American data analysis and artificial intelligence company, has a reach that spans the global economy, with banks, hospitals, the US government, and the Israeli military among its ever-expanding client roster. "We want and need this country to be the strongest, most important country in the world," Alex Karp, Palantir's CEO, recently declared at a client conference in Palo Alto, California. Palantir was founded in 2003 by Peter Thiel -- Silicon Valley's preeminent conservative with long-standing ties to the Trump administration -- Karp, and others with CIA backing. In the first quarter, the company received $373 million from the US government, a 45% jump from the previous year. This spring, federal immigration authorities (ICE) awarded the company a $30 million contract to develop a new platform for tracking deportations and visa overstays.

Palantir bags $10 billion Army deal, one of the biggest defense contracts ever, cements it as the brain behind US war machine

Palantir $10 billion Army contract: Palantir Technologies, the American data firm with deep roots in US intelligence and military operations, has landed a $10 billion contract with the US Army, a deal that underscores its growing role as the technological core of America's defense apparatus, as per a report. The agreement, announced Thursday, streamlines a number of existing software and data-related contracts into a single, decade-long enterprise arrangement, according to as reported by AFP. Under the deal, the Army will have wide timeline to purchase Palantir's data platforms and AI tools, from battlefield logistics to decision-making software, effectively turning the company into the digital nervous system of modern military operations, as per the report. Army Chief Information Officer Leo Garciga said that, "By streamlining our procurement processes and leveraging enterprise-level discounts, we are not only enhancing our operational effectiveness but also maximizing our buying power," as quoted in the AFP report. ALSO READ: Microsoft lays off thousands, makes $27 billion profit in Q2 -- CEO Satya Nadella doubles down on AI mania Palantir, co-founded in 2003 by venture capitalist and preeminent conservative and long-standing ties to the Trump administration, Peter Thiel, CEO Alex Karp, and others with CIA backing, as reported by AFP. The firm, which is an American data analysis and artificial intelligence company, has a reach that spans the global economy, with banks, hospitals, the US government, and the Israeli military among its ever-expanding client roster, according to the report. ALSO READ: Atlassian boss Mike Cannon-Brookes axes 150 jobs via AI, then defends his private jet in brutal video message At a recent client summit in Palo Alto, Karp struck a bold tone, as he said, "We want and need this country to be the strongest, most important country in the world," as quoted in the AFP report. Palantir's government business is booming. In the first quarter of 2025, it pulled in $373 million from US agencies, which was a 45% increase from the previous year, according to the report. While in this spring, federal immigration authorities (ICE) awarded the company a $30 million contract to develop a new platform for tracking deportations and visa overstays, as reported by AFP. What is Palantir's new contract with the US Army about? Palantir will provide software and AI tools for the Army's operations, covering everything from logistics to battlefield decisions, as per the AFP report. What other sectors does Palantir serve? Besides the military, Palantir works with banks, hospitals, and government agencies.

US Army pools contracts into up to $10 billion Palantir deal

(Reuters) -The U.S. Army on Thursday said it was consolidating dozens of contracts into a single enterprise deal with Palantir, giving it volume-based discounts and the option to purchase up to $10 billion from the software provider over 10 years. The deal does not commit the Army to any new purchases, it said in a press release. The Army said the goal of this consolidation was to shorten procurement timelines and remove contract-related fees so it can deploy data integration and artificial intelligence tools faster. (Reporting By Jeffrey Dastin in San Francisco; Editing by Chris Reese)