6 Sources
[1]
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
[2]
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.
[3]
Palantir's $10 billion Army contract continues its D.C. win streak
The maturing D.C.-Silicon Valley relationship, which was on the rocks not too long ago. The big picture: The Army and other services have for years fought to streamline networks, intelligence, safeguards and IT, all while contending with a crush of data in the boardroom and on the battlefield. * Solicitation documents noted the Army was expending significant administrative and financial resources managing dozens of "procurement actions tied to the integration of proven commercially available Palantir capabilities." Follow the money: This is Palantir's single largest known contract cap. What they're saying: The deal "reflects a broader shift in recognizing that software isn't a support function -- it's core to operational readiness," Wendy Anderson, a former Palantir executive and chief of staff to the late Defense Secretary Ash Carter, told Axios. * "This agreement sets a precedent for how government and industry can partner to deliver real capability at speed and scale -- and others across the department should follow suit." Zoom out: Palantir is leaning hard into defense work. Chief executive Alex Karp has made it no secret he wants the West to dominate. * Last year, the company bested RTX for a $178 million Tactical Intelligence Targeting Access Node contract. It's delivering the kitted-out trucks alongside partners Anduril Industries, Northrop Grumman and L3Harris Technologies. * Other wins include an AI research-and-development deal in 2023, worth $250 million, and a predictive maintenance and supply chain agreement in 2022, worth $85 million. Flashback: Palantir successfully sued the Army in 2016. Times have changed. What's next: Expect more of these bulk buys moving forward. Go deeper: The Pentagon's software-hardware tug of war
[4]
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.
[5]
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.
[6]
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)
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Palantir Technologies has been awarded a massive $10 billion contract by the US Army, consolidating multiple existing agreements into a single enterprise deal. This contract cements Palantir's position as a key player in military AI and data integration.
Palantir Technologies, the data analysis and artificial intelligence company, has secured a groundbreaking contract with the US Army worth up to $10 billion over the next decade 1. This deal, announced on Thursday, represents a significant shift in the Army's software purchasing practices and establishes a comprehensive framework for its future software and data needs 2.
Source: Economic Times
The new enterprise agreement consolidates dozens of existing contracts into a single deal, offering the Army volume-based discounts and the option to purchase up to $10 billion worth of Palantir's products over the next ten years 1. This streamlined approach aims to reduce procurement timelines and remove contract-related fees, enabling faster deployment of data integration and AI tools for military operations 3.
Army Chief Information Officer Leo Garciga stated, "By streamlining our procurement processes and leveraging enterprise-level discounts, we are not only enhancing our operational effectiveness but also maximizing our buying power" 4.
Source: Tech Xplore
Founded in 2003 by Peter Thiel, Alex Karp, and others with CIA backing, Palantir has been steadily expanding its reach in the defense sector 4. The company's government business has seen significant growth, with a 45% increase in revenue from US agencies in the first quarter of 2025 compared to the previous year 5.
This latest contract cements Palantir's role as a major processor of data for the military and follows other significant wins, including:
Source: Reuters
The contract reflects a broader shift in recognizing software as core to operational readiness rather than just a support function. Wendy Anderson, a former Palantir executive and chief of staff to the late Defense Secretary Ash Carter, commented, "This agreement sets a precedent for how government and industry can partner to deliver real capability at speed and scale" 3.
As the US faces growing global threats and military challenges, the Pentagon has prioritized enhancing its capabilities in data-mining and AI warfare. This contract with Palantir is expected to play a crucial role in advancing these efforts 2.
The success of this consolidated contract approach may lead to more bulk purchases in the future, potentially changing how the military procures software and AI technologies. As Palantir continues to expand its influence in the defense sector, it is likely to play an increasingly important role in shaping the technological landscape of modern warfare 3 5.
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