Palantir, a prominent U.S.-based data and artificial intelligence company closely aligned with national security institutions, has landed a sweeping contract to support the U.S. Army’s software and data infrastructure.
The deal, revealed on Thursday, consolidates several previous contracts into a single long-term agreement that allows the Army to acquire Palantir’s software solutions over the next decade—capped at a total value of $10 billion.
Palantir, co-founded in 2003 by Peter Thiel—an influential conservative tech entrepreneur with ties to the Trump White House—alongside Alex Karp and others, was launched with funding from the CIA.
The company’s growing list of clients includes U.S. government agencies, banks, healthcare providers, and military organizations such as Israel’s defense forces.
During the first quarter of this year, Palantir reported $373 million in revenue from U.S. government contracts—a 45% rise from the previous year. In addition, ICE granted the firm a $30 million contract to build a system for monitoring deportation cases and visa overstays.
