Pentagon Boosts Budget for Palantir’s AI Software in Major Expansion of Project Maven

Pentagon surges Palantir Maven Smart System contract spending to more than $1B

Just under a year in, the Pentagon is set to increase spending on an initial $480 million contract to deploy Palantir's Maven Smart System prototype across combatant commands, bringing the total agreement to a value of nearly $1.3 billion. The contract modification, which the Defense Department announced yesterday, will tack an additional $795 million onto the agreement struck at the end of May 2024. The timeline remains the same, though, with t…

Palantir jumps on big expansion to federal defense contract

Shares of Palantir (PLTR) — a retail trader fave and top Trump stock — popped on Thursday after the US Department of Defense said it was adding nearly $800 million onto an existing $480 million contract...

Pentagon boosts budget for Palantir’s AI software in major expansion of Project Maven

DoD increases contract ceiling to $1.3 billion as artificial intelligence transforms battlefield targeting The post Pentagon boosts budget for Palantir’s AI software in major expansion of Project Maven appeared first on SpaceNews.

Palantir Technologies (PLTR) Shares Pull Back from Another High

Shares in Palantir Technologies (PLTR), a company specialising in big data analytics software, have seen phenomenal growth in 2024, surging by approximately 340%, making it the top performer in the S&P 500 (US SPX 500 mini on FXOpen). This exceptional performance was driven by booming demand for artificial intelligence (AI) and machine learning technologies, which underpin Palantir’s products. The company has demonstrated steady growth in revenu…

Amid Soaring Demand, Palantir Gets $795 Million Boost For Maven Smart System - Defense Daily

The Defense Department on Tuesday awarded Palantir Technologies [PLTR] a $795 million modification to the company’s existing contract to provide more software licenses for a battlespace awareness software platform increasingly […]