Palantir secures $400 million deal with Army Vantage program

Palantir Technologies has secured a significant $400 million deal with the Army Vantage program, building on its previous contract from last year. This new agreement could reach $600 million based on performance milestones. In 2024, Palantir's stock surged by 357%, outperforming major indices and competitors. The company has focused on defense contracts, winning multiple large-scale deals, including a $480 million contract with the Pentagon. Palantir's revenue from the public sector accounted for about 55% of its total in 2024. The company continues to strengthen its position in government contracting, highlighting its importance in defense operations.