The news comes as an extension of a pre-existing contract set up in 2020. Boosting commercial business domestically and outside of the U.S is a fundamental premise of Palantir’s new growth model. Carlos Vela could be staying at LAFC after all, with Doug McIntyre of FOX Sports reporting Tuesday evening that the club and star forward are … That number of contracts represents approximately 25.0 million underlying shares, working out to a sizeable 54.7% of PLTR's average daily trading volume over the past month, of 45.7 million shares. The program will help modernize the Army's intelligence and data dissemination efforts to provide global information in a near peer fight. Use Up/Down Arrow keys to increase or decrease volume. The U.K. government is ending a data deal with Palantir Technologies Inc., following criticism from privacy groups about the … The Department of Health and Human Services renewed and expanded its one-year contract for its COVID-19 vaccine distribution platform Tiberius from nearly $17 million to $31 million, tech company Palantir announced Monday. Palantir said Thursday it has provided the military service access to its technology over the past year to help the branch manage resource data amid the COVID-19 pandemic. The sell-off is largely driven by … Use Up/Down Arrow keys to increase or decrease volume. They only recently entered into the commercial space, which makes it the faster-growing segment of their business. $13.85. In advance of the direct listing of Palantir Technologies, Inc. on the New York Stock Exchange on September 29, Amnesty International released today a new briefing, Failing to Do Right: The Urgent Need for Palantir to Respect Human Rights, where the organization concludes that Palantir is failing to conduct human rights due diligence around its contracts … 25 Dec, 2015, 04.44 AM IST. But the first delivery order is … Palantir stock declined by about 13% in Tuesday’s trading and is down by almost 25% over the last 5 trading days. Palantir IR - News. A new contract with the U.K. National Health Service. Palantir Technologies (PLTR) rose more than 1% to $19.58 on Thursday's open after the stock announced two new contracts. Palantir is best known for its work with the US government, which have included a contract with the Army to develop a new intelligence interpretation platform, worth an … The Long March. Financials. U.S. Department of Defense contracts valued at $7.5 million or more are announced each business day at 5 p.m. Just before Christmas we discovered that the most controversial of the datastore deals, the contract with Palantir, had been extended … U.S. Department of Defense contracts valued at $7.5 million or more are announced each business day at 5 p.m. Moreover, it added 34 net new customers, increasing its commercial customer count by 46% quarter-over-quarter. Palantir's current contract with ICE, which is set to expire in September, was worth $41 million at first and now costs around $51 million, according to government records. Palantir continues to expand its partnership with the U.S. government and sign new commercial customers. Posted by 11 months ago. 6.39% of Palantir Technologies' shares are currently sold short. The Coca-Cola Company Moves Up After Q1 Earnings When it comes to consumer staples and the beverage industry we prefer Pepsico (NASDAQ: PEP) over Coke for its value, dividend growth, and diversification.When it comes to the reopening and a play on food-away-from-home, travel, and leisure Coke is it. Governance Documents Executive Management Board … Whilst government contracts still support gaps in commercial revenue, Palantir is actively looking to expand commercially. Aug 12 (Reuters) - Shares of Palantir Technologies Inc jumped about 12% after the U.S. data analytics company forecast current-quarter sales above expectations, thanks to large contracts it secured from corporations and government agencies. Hancock acted unlawfully over Covid contracts. $30B. Neandernauts assemble.Join my Patreon before it fills up! When the company opened its latest round — its 11th — for investors, money just kept pouring in, reports The New York Times’ Quentin Hardy. And Palantir Technologies Inc options are showing a volume of 249,861 contracts thus far today. The NYPD is canceling its Palantir contract and intends to stop using the software by … Adjusted free cash flow of $50 m, for a 13% margin. Palantir Technologies. Palantir Awarded Contract to Support U.S. Navy NOBLE System March 6, 2020 admin March 5, 2020 – Palantir today announced that they have been awarded a contract to support follow-on production work under the US Navy’s Naval Operational Business Logistics Enterprise (NOBLE) Family of Systems (FoS). A Palantir banner outside the New York Stock Exchange on the day of its initial public offering on 30 September, 2020. Apply now for Contract Manager job at Palantir Technologies in New York, United States. Oct 04, 2021. Marty Shtrubel. The U.S. Army will spend $111 million next year in a new contract with Palantir Technologies Inc., deepening ties between Peter Thiel’s … Palantir will probably make some deals with Berlin. The Canadian government also signed a million-dollar contract that with the controversial surveillance firm Palantir . Under the up to five-year contract, Palantir will provide NNSA with a software platform to underpin its new Safety Analytics, Forecasting and Evaluating Reporting, or SAFER, project. And that comes off the back of a new $14 million annual run-rate contract with the Space Force. Palantir logo on New York Stock Exchange. While Mielczarek naturally calls this new contract a “positive,” as far as the analyst is aware, it was Palantir’s “only significant new government contract in the September quarter.” Closed 64 deals of $1 million or more, of which: 27 deals are $5 million or more. When Palantir started operating, its core business was providing intelligence to government sector. The value of the deal is $90 million over four years, according to Palantir. As the year comes to a close, Denver's newest tech giant is racking up new government contracts. The contract announced that Palantir has been selected by the U.S. Army’s Program Manager for Intelligence Systems and Analytics. On Dec. 23, Palantir announced a new … Palantir has $505 million worth of revenue flowing from 28 active federal-level contracts, according to public contract listings reviewed by Insider. Last month, the company disclosed the CDC had awarded it a new $12 million annual run-rate contract, further expanding on its relationship. For context, I once worked as a summer intern for a U.S. Army statistical command group that was responsible for analyzing its Patriot missiles. PLTR stock. Palantir: The controversial firm now worth £17bn. The sell-off is largely driven by … There’s Good news on the horizon for Palantir ( PLTR) investors. Palantir was awarded numerous contracts with health agencies during the coronavirus pandemic to track the spread of the disease. Contracts can have multiple “contract actions”: This is how agencies spend money for a specific purpose, adjust the amount committed or change the contract in a way that doesn’t affect the amount. Palantir has generated $84 million to $111 million from the FALCON contract since 2013. Palantir scores US Army contract to build out intelligence data fabric. Following an initial testing period, under the new contract, Palantir will support the operational testing of the Distributed Common Ground System-Army’s second capability drop. Palantir Technologies raises $880 million in new round of investment. -5.40 -0.72%. LONDON--(BUSINESS WIRE)--Palantir Technologies Inc. (NYSE:PLTR) announced today the renewal of its contracts with the United Kingdom’s Royal Navy for its Palantir Foundry platform.Palantir’s software is used by the Royal Navy across a broad spectrum of areas from strategic workforce planning to supply chain management to the COVID-19 response. For Q1 2022, Palantir expects: $443 million in revenue vs. $439.62M consensus. Palantir to Extend Army Data Analytics Tech Support Under $116M Contract. Revenue of $432.8M (+34.4% Y/Y) beats by $14.73M. Palantir is unique in that they focused on government customers, which is a much more difficult space to grow as a business. Here are Palantir's biggest contracts since moving to Denver in 2020. Added 34 net new customers in Q4 2021. The contract is valued at $110 million, and is part of a larger, four-year $440 million program known as “Vantage”. But in recent months and with the debut of its stock on public markets approaching, Palantir has a new focus: tracking the fast-spreading coronavirus. The Boeing Co., Mesa, Arizona, was awarded a $60,722,039 modification (P00078) to contract W58RGZ-16-C-0023 for remanufactured and new-build aircraft. Palantir Foundry powers Tiberius, which has grown from simply helping HHS understand vaccine distribution across the U.S. and providing … Palantir logo on New York Stock Exchange. Governance. Standardization can help maximize compatibility, interoperability, safety, repeatability, or quality.It can also facilitate a normalization of formerly … Palantir’s Foundry operating system is due to be rolled out across 30 hospital trusts this month, following a recent pilot at Chelsea and Westminster Hospital Trust. Palantir: The controversial firm now worth £17bn. Hancock acted unlawfully over Covid contracts. And as it diversified away from government contracts, commercial US revenue grew by 103%. Losing the FALCON contract would be a blow for Palantir. Reached by The Verge, Lesbians Who Tech confirmed the dropped sponsorship, saying it was the result of public objection to Palantir’s recent contract work with the US government. Palantir New 10 Mil contract. Company officials said during the quarter, Palantir closed more than 60 deals of $1m or more, of which 30 are worth $5m or higher and 21 contracts are worth $10m or more, Additionally, Palantir added 20 new customers, seeing a 13% increase up over Q2 2020, the release states. Palantir Technologies has captured an initial one-year, $111 million Army contract to create a single dashboard that will pull together data from human resources, supply chains and other operations. Work will be performed in Mesa, Arizona, with an estimated completion date of Jan. 24, 2024. The U.S. Army recently announced that Palantir won the contract to build the new battlefield intelligence platform. As of March 31st, traders have sold 104,730,000 shares of PLTR short. Current Price. According to U.S. procurement records reviewed by NBC News, Palantir has been awarded contracts worth more than $42 million with federal agencies on the pandemic response. Palantir Technologies Inc. (PLTR) closed the most recent trading day at $13.73, moving -1.08% from the previous trading session. As Fitzgerald and Cirder note, Palantir won three consecutive massive no-bid contracts to manage the largest pool of patient data in NHS history – with the price leaping in six months from £1, to £1m, to £23m. Palantir Technologies is expanding its work to support the Centers for Disease Control and Prevention’s outbreak response and disease surveillance efforts.. Palantir said Friday it will continue providing its Foundry platform to help manage disease information integration, management and analysis under CDC’s Data Collation and Integration for Public Health Event … The stock has long been impressive on paper, but this move could well be the start of a new chapter. It would not be catastrophic, though. The U.S. Coast Guard will continue to use Palantir-made data management and analytics software for another nine months under a potential $11.25 million contract renewal. LONDON--(BUSINESS WIRE)--Palantir Technologies Inc. (NYSE:PLTR) announced today the renewal of its contracts with the United Kingdom’s Royal Navy for its Palantir Foundry platform.Palantir’s software is used by the Royal Navy across a broad spectrum of areas from strategic workforce planning to supply chain management to the COVID-19 response. Palantir has often touted its defense contracts with the U.S. government. ––– A World-Changing Company At Palantir, we’re passionate about building software that solves problems. Close. PLTR : 13.73 (-1.08%) Palantir Stock Is Cheap and Offers Substantial Upside InvestorPlace - Thu Mar 31, 9:35AM CDT Palantir added nearly $170 million in new government contracts in recent weeks. Financials. ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero News Events. As a Commercial Contracts Specialist, you will be a non-attorney partnering closely with Commercial Counsel to effectively support our rapidly growing portfolio of commercial customers. 10 million for “Health and Human Services ? Palantir: Lack of New Government Contracts a Bearish Sign, Says Analyst. Following an initial testing period, under the new contract, Palantir will support the operational testing of the Distributed Common Ground System-Army’s second capability drop. Summary. Today's Change. Palantir – originally funded, in part, by the CIA – has faced criticism and mistrust for its work, including its ties to U.S. Immigration and Customs Enforcement. Palantir had 8 customers in the Fortune 100 and 12 in the Global 100. See why I continue buying PLTR stock. A showdown over law enforcement information — and who controls it — is taking place between the New York Police Department and Palantir Technologies, the $20 billion Silicon Valley startup that for years has analyzed data for New York City's cops, BuzzFeed News has learned.. Palantir has had a hard time “winning” new government contracts, but things seem to be improving. GBp. Today, Palantir entered a new government contract worth $5.3M with the CDC for the management of Covid-19 drug distribution in the US. 749.60. 46. 19 deals are $10 million or more. Palantir has … Earlier this year, the data-mining firm won an $800 million contract to … Palantir $ PLTR signed a new $$262,422.96 11 month contract with the department of Justice, specifically the U.S. Marshall's service. It had a pilot with the VA as well, but officials with the company say this contract marks the first full award the company has received. Palantir Technologies Inc. (NYSE:PLTR) announced today that on December 28, 2020, it was awarded a $22.5 million, one-year contract in partnership wit The contract to provide a new system — a “capability drop 1” version — is worth $876 million over 10 years. In Q3 results, Palantir boasted impressive revenue growth of 36% year-over-year to $392 million. Learn More on Palantir Technologies' current short interest. Noam Galai/Getty Images Palantir rose 5.9% Monday after securing a five-year contract with the … ET. Palantir Technologies Inc. Market Cap. The NHSX contract is the second big Government data contract that has not been open to competitive tendering in recent months. Canadian Military Contract NSA Spyware firm Palantir! Palantir stock surged as high as 8.7 percent on Wednesday after the company revealed it had scored a lucrative contract with the US Army. Governance Documents Executive Management Board … ... PALANTIR PLATFORM EVALUATION TERM SOFTWARE LICENSE: Quarterly Results SEC Filings. Palantir Technologies (NYSE: PLTR) recently announced that the U.S. Army signed an $823 million intelligence system contract. The company sells expensive software and relies heavily on contracts from cash-heavy government agencies. Idox Software Ltd, part of the worldwide Idox Group, won a £1.7 million contract for its revamp just in advance of purdah imposed by the 2019 General Election – purdah is the period in which politically sensitive announcements or … Palantir New 10 Mil contract. Palantir news. Q4 Non-GAAP EPS of $0.02 misses by $0.02. Palantir’s mysterious work and its founding origins with Trump ally and anti-press crusader Peter Thiel have inspired a number of controversies … Short interest is the volume of Palantir Technologies shares that have been sold short but have not yet been covered or closed out. However, given limited amount of government contracts, venturing commercial space was imperative. Palantir's in-house legal team works to proactively address legal issues so that Palantir can continue to drive positive impact in the world. That last scenario is usually indicated by a $0 action. Last year, the U.S. Department of Health and Human Services awarded Palantir multiple contracts as part of its COVID-19 response plan. Palantir stock declined by about 13% in Tuesday’s trading and is down by almost 25% over the last 5 trading days. But for a few reasons, I don’t expect these contracts to boost PLTR stock significantly, at least for the next year or so. Price as of April 5, 2022, 7:15 p.m. Standardization or standardisation is the process of implementing and developing technical standards based on the consensus of different parties that include firms, users, interest groups, standards organizations and governments. The NHS is working with US software firm Palantir to help reduce the backlog of patients waiting for elective care after the pandemic. Palantir to Extend Army Data Analytics Tech Support Under $116M Contract. This could be a … (-5.33%) -$0.78. News Events. Palantir was founded in 2003 and focused mainly on government contracts. The decision to award Palantir more business with the NHS comes just six months after the UK’s Department for Health and Social Care announced it was terminating a contract with Palantir over the management of social care data, following a massive protest campaign involving more than 50 groups. Recent Contract Actions . The Army loves long names for its various programs and divisions. In March, the Department of National Defense and the Canadian Armed Forces allocated $997,434 to Palantir to license their Gotham surveillance software. Palantir Technologies has exhibited tremendous growth in recent years and management expects that trend to continue. The company, which beat Street estimates for second-quarter revenue, said it closed 62 deals worth $1 million or more, … Quarterly Results SEC Filings. Palantir has had a hard time “winning” new government contracts, but things seem to be improving. Noam Galai/Getty Images Palantir rose 5.9% Monday after securing a five-year contract with the … The big data cruncher is up 1 Palantir also has contracts with Britain's the Cabinet Office and the Ministry of Defense. We partner with the most important institutions in the world to transform how they use data and technology. Palantir IR - News. I just did my daily check for new Palantir contracts and I found one. We ’ re passionate about building software that solves problems elective care after the pandemic Non-GAAP EPS of 432.8M. Is unique in that they focused on government customers, increasing its commercial customer count by %! Elective care after the stock announced two new contracts new contracts a blow for (! 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