DENVER – (BUSINESS WIRE) – October 5, 2021–
Palantir Technologies Inc. (NYSE: PLTR) announced today that it has been selected by the U.S. Army’s Intelligence and Analysis Systems Program Manager to provide the analytical database and data fabrication Intelligence Officer for the Capability Drop 2 (CD-2) program.
Palantir has been selected to move on to the next phase of the Army’s competitive $ 823 million Indefinite Delivery and Indeterminate Quantity (IDIQ) contract. After working with the military on a successful “test, fix, test” process, Palantir will support the military through final testing and commissioning.
Palantir will deploy the Palantir Gotham platform to support military intelligence users around the world with a globally federated intelligence data fabric and analytics platform spanning multiple security classifications. This capability will implement modern data integration, correlation, fusion and analysis capabilities that will prepare the Army for the next fight against emerging threats close to peers.
The Gotham Platform is an operating system for defense decision making and is uniquely designed to connect the dots between disparate sources. The military intelligence community will use this capability to modernize its database by migrating legacy programs to CD-2. The Army will also use CD-2 to serve as a catalyst for future modernization efforts in support of joint operations in all areas.
The CD-2 is one of many efforts Palantir is working on with PEO IEW & S to modernize the military intelligence enterprise, alongside the Capability Drop 1 (CD-1) programs and TITAN (Tactical Intelligence Targeting) programs. Access Node).
“We look forward to continuing to partner with PEO IEW & S and the military intelligence community to provide new and exciting technology that assists them in their modernization efforts,” said Doug Philippone, Global Defense Manager at Palantir. .
About Palantir Technologies
Palantir Technologies is a software company that creates enterprise data platforms for use by organizations with complex and sensitive data environments. From building safer cars and planes to discovering new drugs and fighting terrorism, Palantir helps clients in the public, private and not-for-profit sectors transform the way they use their data. Further information is available at https://www.palantir.com.
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, without limitation, Palantir’s expectations regarding the amount and 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 these statements are made and on current expectations and management’s beliefs and assumptions at that time regarding future events. These statements are subject to risks and uncertainties, many of which involve factors or circumstances beyond our control. These risks and uncertainties include our ability to meet the unique needs of our customers; the failure of our platforms to satisfy our customer or to function as desired; the frequency or severity of software and implementation errors; the reliability of our platforms; and our client’s ability to modify or terminate the contract. Additional information regarding these and other risks and uncertainties is included in the documents we file from time to time with the Securities and Exchange Commission. Except as required by law, we assume no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.
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KEYWORD: UNITED STATES NORTH AMERICA COLORADO
INDUSTRY KEYWORD: DATA MANAGEMENT SECURITY DEFENSE TECHNOLOGY SOFTWARE CONTRACTS
SOURCE: Palantir Technologies Inc.
Copyright Business Wire 2021.
PUB: 05/10/2021 4:13 PM / DISC: 05/10/2021 4:13 PM
Copyright Business Wire 2021.