Palantir received a potential $400.7 million follow-on contract of the US Army to continue its work on the military branch’s Vantage platform.

According to a notice of award released Tuesday, the sole-source recompetition contract enables the continuation of the Army Vantage software platform’s software-as-a-service, or SaaS, support model to help meet U.S. government requirements.

The contract has a 12-month execution period, five six-month option conditions and a further six-month option period to extend the services. The price has a cap value of approximately $618.9 million.

In December 2023, Palantir obtained a $115 million contract extension for Army Vantage.

What is Army Vantage?

Army view is a data analytics platform that enables senior leaders, Soldiers, and other military branch users to quickly access data and accelerate decision-making regarding personnel and operational readiness. other questions.

The platform, part of the Army Data Platform product office, helps turn insights into actions by leveraging artificial intelligence and machine learning capabilities.