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

By Benzinga
May 9, 2022 Updated: May 9, 2022

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.

Co-founded by billionaire Peter Thiel and Alex Karp, the data analytics company initially focused on selling software to U.S. government agencies and allies.

The latest contract, awarded in March, is among several previous agreements with the MoD, including data integration services and an analytics deal with the Royal Navy.

Palantir has been a partner to the Ministry of Defense for over a decade.

By Anusuya Lahiri

© 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.