SHLD - Palantir Secures $178M Army Deal Analyst Highlights AI Expansion Prospects | Benzinga
Mizuho analyst Gregg Moskowitz maintained Palantir Technologies Inc (NYSE:PLTR) with a Neutral and raised the price target from $18 to $21.
Palantir disclosed today that it has won a $178 million two-year contract extension from the ACC Aberdeen Proving Ground (or APG, the U.S. Army’s primary site for conducting research, evaluating, and developing specialized material).
In particular, Palantir has agreed to develop further and build the Tactical Intelligence Targeting Access Node (TITAN) ground station system, the Army’s next-generation deep-sensing technologies powered by advanced AI/ML.
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Palantir will likely develop ten TITAN prototypes, five of which are being labeled as advanced, along with the integration of “new critical technologies” and transition to fielding.
Palantir will also deliver software and hardware solutions to ...