The contract establishes Palantir as the chief software integrator for the USSOCOM mission command system, with a one-year delivery value of 36.8 million USD.
According to Zhito Finance APP, after the USA Special Operations Command (USSOCOM) expanded its contract with Palantir Technologies (PLTR.US) to provide advanced AI and mission manager capabilities, the company's stock price rose over 7% before the market opened on Monday.
The contract establishes Palantir as the chief software integrator for the USSOCOM mission command system, with a one-year delivery value of 36.8 million USD.
This contract award marks the first deployment of Palantir's mission manager to special forces. The mission manager utilizes Palantir's secure, Kubernetes-based infrastructure to streamline the process of the government incorporating emerging technologies from commercial software vendors into secure environments.
The expanded agreement also supports pilot projects within a broader command structure, which includes efforts to introduce Palantir's advanced AI capabilities to USSOCOM.