Palantir Extends Army Vantage Deal With $618.9 Million Contract

Palantir Technologies Inc. and the US Army have reached an agreement to extend their partnership on the Vantage data analytics program.

The total value of the follow-on contract is $400.7 million for a period of up to four years, with a total ceiling of $618.9 million, Palantir said in a press release.

Vantage, which uses artificial intelligence and machine learning, eases quick access to data and decision-making for troop readiness, logistics, recruiting, and financial management. Palantir’s software allows the Army to create AI-enabled data sets that integrate, analyze, and visualize information from multiple disparate sources.

“Our continuous ...