HomeMarket NewsPulsating with Promise: Palantir Technologies Secures Contract from Defense Information Systems Agency

Pulsating with Promise: Palantir Technologies Secures Contract from Defense Information Systems Agency

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Palantir AI Platform 8

Defense Endeavors

Palantir Technologies Inc.Β PLTR clinched a contract from the Defense InformationΒ Systems Agency (DISA) recently.

Dubbed the Electromagnetic Battle Management – Joint Decision Support (EMBM-J DS) prototype, the contract is valued at $9.8 million spread over the next year.

This agreement is geared towards enhancing the Department of Defense’s capabilities in Joint Electromagnetic Spectrum Operations (JEMSO).

Technological Triumph

Betsy Park, EMBM-J program manager, emphasized the significant leap forward this prototype will provide in electromagnetic spectrum operational planning.

Dr. Miriam Marwick, SVP of Emerging Technologies at Palantir USG, highlighted the collaboration with DISA PEO Spectrum, seeking to augment the Department of Defense’s spectrum dominance.

Expansion Initiatives

In a different realm, Palantir Technologies recently partnered with The Ministry of Education and Science of Ukraine to elevate the education sector and ensure a safe in-person learning environment for children.

For interested investors, exposure to Palantir Technologies can be achieved through Global X Funds Global X Defense Tech ETFΒ SHLD andΒ Tidal ETF Trust II The Meet Kevin Pricing Power ETFΒ PP.

Market Movements

Price Action: PLTR shares witnessed a 0.35% decline, resting at $22.93 in premarket trading on Monday.

Image via Shutterstock

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