Palantir Wins $13 Million Contract From Longtime Partner UK Defense Ministry

The logo of U.S. software company Palantir Technologies in Davos, Switzerland, on Jan. 22, 2020. Arnd Wiegmann/Reuters

Palantir Technologies Inc. bagged a £10 million ($12.5 million) 12-month contract with the UK Ministry of Defense, Bloomberg reports.

Palantir will support UK Defense Ministry’s Foundry platform, which lets users cut costs by automating work and reducing data-processing time.