Welcome to our dedicated page for Palantir Technologies news (Ticker: PLTR), a resource for investors and traders seeking the latest updates and insights on Palantir Technologies stock.
Palantir Technologies Inc. (NASDAQ: PLTR) is a Denver-based analytical and AI software company that serves government and commercial customers. The Palantir news page on Stock Titan aggregates coverage of the company’s announcements, partnerships, contracts, and financial reporting so investors can understand how its software is being adopted across sectors.
News about Palantir often highlights its work with national security and government agencies, such as multi-year renewals with intelligence services and large-scale deployments with the U.S. Navy to modernize the shipbuilding supply chain through initiatives like ShipOS. These stories show how Palantir’s platforms are used in complex, mission-focused environments.
Palantir also features in commercial and ecosystem news. Examples include expanded global partnerships with firms like Accenture to help enterprises integrate data and scale AI, collaborations with utilities and energy companies through the Chain Reaction initiative for AI infrastructure, and work with aviation and air mobility providers using Palantir’s platforms to power operational software like SurfOS. Additional coverage follows applications of Palantir’s software in sports and media, such as AI and computer vision projects with Teton Ridge in rodeo.
Investors and followers can also find updates on Palantir’s security and compliance milestones, including certifications that open new markets, as well as notices about upcoming earnings releases, webcasts, and related investor materials. This page is a useful reference for tracking how Palantir’s contracts, partnerships, and regulatory developments evolve over time and how they relate to the company’s role in AI, data analytics, and critical infrastructure.
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.
Palantir Technologies Inc. (NYSE:PLTR) has joined Trinity College Cambridge's "The Trinity Challenge." The collaboration enables participants to utilize Palantir's Foundry technology via Swiss Re's Risk Resilience Center, enhancing data analysis and problem-solving capabilities. This platform allows users to access over 100 global data sources related to COVID-19 health, economic, and social impacts, supporting timely, data-driven decision-making. According to Palantir UK lead Louis Mosley, this partnership aims to deliver critical public health outcomes through effective data collaboration.
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