Palantir has inked a contract with the U.S. Army worth up to $10 billion to meet growing warfare demands over the next decade.
As part of the deal, Palantir will help the military streamline efficiencies while preparing for threats, consolidating 75 total contracts into one enterprise deal, the release states.
The agreement creates a “comprehensive framework for the Army’s future software and data needs” that provides the government with purchasing flexibility and removes contract-related fees and procurement timelines, according to a release.
The deal further cements the company’s role in the U.S. government’s clampdown on cost efficiencies by using artificial intelligence tools in President Donald Trump‘s administration. Trump’s Department of Government Efficiency has cut jobs and programs in an effort to curb spending.
Palantir co-founder and CEO Alex Karp has been a vocal proponent of protecting U.S. interests and joining forces on AI to fend off adversaries.
Shares of the Denver-based artificial intelligence software company have more than doubled year to date.
Earlier this year, Palantir delivered its first two AI-powered systems in its $178 million contract with the U.S. Army. In May, the Department of Defense boosted its Maven Smart Systems contract to beef up AI capabilities by $795 million.
WATCH: Palantir co-founder Joe Lonsdale on Israel-Iran conflict, AI tech wars and future of DOGE
In this articlePLTRFollow your favorite stocksCREATE FREE ACCOUNTAlex Karp, CEO of Palantir, attending the annual Allen & Co. Media and Technology Conference in Sun Valley, Idaho on July 9th, 2025.David A. Grogan | CNBCPalantir has inked a contract with the U.S. Army worth up to $10 billion to meet growing warfare demands over the next decade.As part of the deal, Palantir will help the military streamline efficiencies while preparing for threats, consolidating 75 total contracts into one enterprise deal, the release states.The agreement creates a “comprehensive framework for the Army’s future software and data needs” that provides the government with purchasing flexibility and removes contract-related fees and procurement timelines, according to a release.Read more CNBC tech newsTesla Autopilot plaintiffs seek $345 million in damages over fatal crash in FloridaFacing questions on AI strategy, Tim Cook says Apple is ‘very open’ to acquisitionsFigma’s top VCs are sitting on $24 billion worth of stock after massive IPO popAmazon’s gloomy earnings forecast overshadows better-than-expected resultsThe deal further cements the company’s role in the U.S. government’s clampdown on cost efficiencies by using artificial intelligence tools in President Donald Trump’s administration. Trump’s Department of Government Efficiency has cut jobs and programs in an effort to curb spending.Palantir co-founder and CEO Alex Karp has been a vocal proponent of protecting U.S. interests and joining forces on AI to fend off adversaries. Shares of the Denver-based artificial intelligence software company have more than doubled year to date.Earlier this year, Palantir delivered its first two AI-powered systems in its $178 million contract with the U.S. Army. In May, the Department of Defense boosted its Maven Smart Systems contract to beef up AI capabilities by $795 million.WATCH: Palantir co-founder Joe Lonsdale on Israel-Iran conflict, AI tech wars and future of DOGEAdblock test (Why?)
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