Palantir rose 3.7% ahead of trading on Monday amid receiving a 5-year contract worth up to $ 89.9 million from the National Nuclear Safety Administration (NNSA).
Palantir (PLTR) today announced that its platform services have been selected by the US National Nuclear Safety Administration (NNSA) for the SAFER project.
The Palantir platform became known around the world thanks to its partnership with the Pentagon, its capabilities allow you to work with huge amounts of data to combine, analyze, identify important patterns and make informed decisions in companies and organizations of different industries.
This is Palantir’s first contract with NNSA and is for 5 years and is worth $ 89.9 million. As part of the SAFER project, Palantir will help NNSA optimize its work: to best allocate human and financial resources to prioritize security programs throughout the organization, in a timely manner. analyze data and make management decisions on this basis.
“Our work with NNSA illustrates Palantir’s mission to provide software to the world’s most critical organizations to support their most critical work,” said Akash Jain, President of Palantir USG. “We are delighted to expand our work in the US government and provide the NNSA with a high-tech solution to make the most of its resources to support national nuclear safety missions.”
Palantir’s earlier contracts included clients such as the US Immigration and Customs Enforcement (ICE) and the US Food and Drug Administration (FDA). Read more in Marketinfo.pro article “Palantir Shares Up 20% After Winning $ 44.4 Million FDA Contract.”
Palantir shares surged 3.7% ahead of Monday trading on the back of the news. Palantir went public on the NYSE in September last year, and its share price has risen nearly 150% since its IPO, but has dropped significantly from its high in January.