Palantir Expands Partnership With US Space Systems Command
June 02 2022 - 7:54AM
Dow Jones News
By Will Feuer
Palantir Technologies Inc. said it has expanded its partnership
with the U.S. Space Systems Command, growing its preexisting
contract with the department by $53.9 million.
The data management company said its contract with the Space
Systems Command Battle Management Command, Control and
Communications is now worth $175.4 million. The contract runs
through March 2023.
Palantir said it allows mission areas within the Air Force,
Space Force, and Norad-Northcom to share data to help make
decisions on personnel management, operational planning,
situational awareness and otherwise collaborate.
Palantir's shares rose more than 1% in premarket trading to
$8.55.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
June 02, 2022 07:39 ET (11:39 GMT)
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