By Dhirendra Tripathi
Investing – Palantir (NYSE:PLTR) shares rose nearly 2% Monday following the company securing a $32.5 million order from U.S. defense and space forces and NORAD-Northcom for providing its software to their critical missions.
Palantir will provide the U.S. Air Force senior leadership with a continuously improving operational readiness analytics platform by integrating disparate data sources from across the service. This will improve DAF’s readiness in a variety of mission-critical areas, cutting across organizational and functional silos.
It will deploy and maintain its core software as 'Data-as-a-Service' platform to support Space and Missile Systems Center’s cross-mission ground and communications enterprise’s space command and control program element.
The company will support NORAD-Northcom’s joint all-domain command and control transformation, modeling high-scale data to support comprehensive operational planning and execution.
The latest order marks another win for Palantir from the U.S. defense sector.
The company had last month won an $89.9 million order from the National Nuclear Security Administration. NNSA is a semi-autonomous agency within the U.S. Department of Energy, responsible for enhancing national security through military application of nuclear science.
Should you invest $2,000 in PLTR right now?
Before you buy stock in PLTR, consider this: ProPicks AI are 6 easy-to-follow model portfolios created by Investing.com for building wealth by identifying winning stocks and letting them run. Over 150,000 paying members trust ProPicks to find new stocks to buy – driven by AI. The ProPicks AI algorithm has just identified the best stocks for investors to buy now. The stocks that made the cut could produce enormous returns in the coming years. Is PLTR one of them?
Reveal Undervalued Stocks Now