Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Politics
Anusuya Lahiri

Palantir Wins $13M Contract From Longtime Partner UK Defense Ministry

Palantir UK (Organization) ministry of Defense PLTR Alex Karp Peter Thiel United States NYSE Palantir Technologies Inc Royal Navy
  • Palantir Technologies Inc (NYSE:PLTR) bagged a £10 million ($12.5 million) 12-month contract with the U.K. Ministry of Defense, Bloomberg reports.
  • Palantir will support U.K. Defense Ministry's Foundry platform, which lets users cut costs by automating work and reducing data-processing time.
  • Co-founded by billionaire Peter Thiel and Alex Karp, the data analytics company initially focused on selling software to U.S. government agencies and allies.
  • The latest contract, awarded in March, is among several previous agreements with the MoD, including data integration services and an analytics deal with the Royal Navy.
  • Palantir has been a partner to the Ministry of Defense for over a decade. 
  • Price Action: PLTR shares traded lower by 5.19% at $9.60 on the last check Friday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
“I bought it off a druggie – which I feel terrible about”: From his beloved '59 Strat to his stable of ultra-delicate steampunk guitars, Rick Springfield discusses his guitar journey, and his mission to buy up every instrument he had to part with
The pedal-avoiding Jessie’s Girl songwriter recalls some of his best and worst purchases, and his experiences working with Neil Giraldo and Dave Grohl
Guitar World
Guitar World
Gigi Hadid Takes Fall’s Buzziest Designer Shoe Trend for a Spin in $1,170 Miu Miu Loafers
This season's biggest shoe has entered the chat.
Marie Claire
Marie Claire
Quincy Jones remembered by Whoopi Goldberg on The View in emotional moment: ‘I had no better friend’
The legendary music producer died on Sunday (November 3) at the age of 91
The Independent UK
The Independent UK
Jennifer Lopez Wears Knit Short-Shorts With a Pair of $1,950 Saint Laurent Boots
The look feels so un-J.Lo.
Marie Claire
Marie Claire
Woman receives flowers meant for her boyfriend’s ex-wife – her response went viral
‘I wish I never let you get away. There are not plenty of fish in the sea,’ the card addressed to the ex-wife read
The Independent UK
The Independent UK
‘Nobody had a career as incredible as Quincy Jones’ – Elton John
The record producer and jazz musician worked with Frank Sinatra and Michael Jackson.
The Independent UK
The Independent UK
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play