Palantir Technologies Inc Stock Price, News & Analysis

Palantir Technologies (NYSE:PLTR) has been selected to deliver a prototype for the Army’s Ground Station modernization as part of the Tactical Intelligence Targeting Access Node (TITAN) program. The initial contract is valued at $8.5 million, with a potential total value of $250 million over four phases. Collaborating with the Army, Palantir aims to create a ground station prototype that integrates various data sources for military targeting operations. The results from this phase will influence future contracts and production efforts for the TITAN program.

Palantir Technologies (NYSE:PLTR) has announced a one-year, $8 million contract with Fujitsu, marking an expansion of their partnership in Japan. Fujitsu will serve as the first distributor of Palantir's Foundry platform modules in the Japanese market, enhancing its use in optimizing supply chains and improving customer service. The collaboration includes the distribution of the ERP Suite Foundry module and a certification program for Fujitsu's digital transformation services, supporting customers in their tech modernization efforts.

Palantir Technologies (NYSE:PLTR) has secured a $22.5 million, one-year contract with SOMPO Holdings as of December 28, 2020. The partnership focuses on the 'Real Data Platform for Security, Health, and Wellbeing' aimed at enhancing healthcare and streamlining supply chains in Japan's evolving market. This initiative follows the establishment of Palantir Technologies Japan K.K. in 2019, targeting the digital transformation of various sectors, including healthcare, logistics, and government, across Japan.

Palantir Technologies UK (NYSE: PLTR) has secured a two-year contract valued at up to $31.5M (£23.5M) with the UK's National Health Service (NHS England and NHS Improvement). The contract will see Palantir Foundry providing a software platform for the secure processing of data, aimed at enhancing resource planning and patient care. Key uses include COVID-19 tracking and vaccine program support, emphasizing Palantir's commitment to the NHS and the UK.

Palantir Technologies (NYSE:PLTR) has secured a $113.8 million contract extension for the Army Vantage program with the U.S. Army’s Program Executive Office for Enterprise Information Systems. This follows a $458 million production agreement awarded in 2019, which included a base year and three options. Army Vantage enhances data visibility and decision-making for military leaders, contributing to efforts like the COVID-19 response and freeing up taxpayer funds for critical projects. The program was recognized with a Government Innovation Award, underlining its impact.

Palantir Technologies (NYSE:PLTR) will hold its inaugural “Live Demo Day” on January 26, 2021, at 4:30 PM ET. This event will showcase product demonstrations of Palantir’s Foundry, Gotham, and Apollo platforms, featuring the latest releases and the 2021 R&D roadmap. Attendees will gain insights into commercial and government applications of these platforms. Advance registration is required, and further details can be found at palantir.events/livedemoday.

Palantir Technologies CEO Alex Karp held a teleconference on December 3 with Greek Prime Minister Kyriakos Mitsotakis to discuss their expanding partnership in addressing COVID-19. Since the pandemic's onset, Palantir has helped the Greek government utilize its Foundry software for data-driven decision-making. This collaboration has enabled the creation of a crisis-control dashboard for real-time monitoring of the pandemic's status. Karp praised Greece's effective response and anticipates further collaboration to enhance public health initiatives.

Palantir Technologies (NYSE:PLTR) has been awarded a contract by the US Army for the Common Data Fabric and Data Security solution to enhance network design. This collaboration marks the integration of Palantir’s Gotham software with the Army’s Command Post Computing Environment (CPCE), aiming to modernize mission capabilities. The project, executed by the Army’s Network-Cross Functional Team, is set in two phases: integration testing followed by user evaluations. This initiative aims to improve data access and collaboration in challenging battlefield environments.

Palantir Technologies Inc. (NYSE: PLTR) reported Q3 2020 revenue of $289.4 million, a 52% increase year-over-year, surpassing previous guidance. The company raised its full-year revenue guidance to $1.070-$1.072 billion, a 44% year-over-year growth. Key contracts included a $91 million deal with the U.S. Army and a $300 million renewal from an aerospace customer. Despite a significant loss from operations of $847.8 million attributed to stock-based compensation, adjusted operating income stands at $73.1 million. The firm continues to show momentum in both commercial and government sectors.