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
They say we don’t like sex, drugs, democracy or DIY. But here’s how we in gen Z really feel
Recent surveys claim to have discovered a lot of alarming things about my generation. But they’re not telling you the whole story
The Guardian - UK
The Guardian - UK
Why smell and sight are close friends
New research explores the many ways our sensory experiences overlaps, teaching us new ways the brain perceives
Salon
Salon
Best American snacks: Must-try treats from across the pond for UK delivery
The United States of Snacks
Evening Standard
Evening Standard
Jimmy Fallon's natural kitchen island emphasizes a 'big shift' in design trends – designers say it has the rare ability to feel 'forever new'
The Tonight Show host combines dusty red cabinets with a natural, unpainted island countertop – for a unique, natural twist in the center of his kitchen
Homes & Gardens
Homes & Gardens
Kristin Davis Shares Why the 'Sex and the City' Cast Was "Scared" of Showing Their Nipples on TV
"Like, would we be shunned?"
Marie Claire
Marie Claire
Post Malone joins reunited Nirvana at Saturday Night Live 50th anniversary concert
Adam Sandler introduced the group as ‘Post Nirvana’
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