U.S. Army Research Lab Expands Artificial Intelligence and Machine Learning Contract with Palantir for $99.9M

“Palantir Technologies Inc. (NYSE: PLTR) today announced that it will expand its work with the U.S. Army Research Laboratory to implement data and artificial intelligence (AI)/machine learning (ML) capabilities for users across the combatant commands (COCOMs). The contract totals $99.9 million over two years.”

source: https://investors.palantir.com/news-details/2022/U.S.-Army-Research-Lab-Expands-Artificial-Intelligence-and-Machine-Learning-Contract-with-Palantir-for-99.9M

Great news for the company, it looks that most of PLTR's initial customers not only stick to the company's software for the long-term, but they also tend to expand their partnerships with them. Furthermore, the current geopolitical climate and especially the Ukraine Crisis, seems to be beneficial for PLTR as expected.