Palantir and Space Force Expand Partnership

DENVER--(BUSINESS WIRE)-- Palantir Technologies Inc. (NYSE: PLTR) confirmed today it will support the United States Space Force and United States Air Force by providing its software to the critical missions of the Department of the Air Force (DAF), Space and Missile Systems Center’s Cross-Mission Ground & Communications Enterprise (SMC/ECX), and NORAD-NORTHCOM. This is a firm-fixed-price award totaling $32.5 million.

Palantir will deploy and maintain Palantir as Data-as-a-Service (DaaS) platform to support SMC/ECX’s Space Command and Control program element, including operational users at both the National Space Defense Center and the Combined Space Operations Center.

Department of the Air Force’s Project Brown Heron will use Palantir to provide the U.S. Air Force senior leadership with a continuously improving operational readiness analytics platform by integrating disparate data sources from across the Service. This will improve the DAF’s readiness in a variety of mission-critical areas, cutting across organizational and functional silos.

Additionally, Palantir will support NORAD-NORTHCOM’s Joint All Domain Command and Control (JADC2) transformation, ingesting and modeling high-scale data to support comprehensive and collaborative operational planning and execution.

“I’m excited about this partnership and the work we are doing to provide better data-driven decision making to our leadership. Palantir’s technology and framework has truly accelerated our ability to remove data stovepipes throughout the community and create actionable knowledge,” said Col. Jennifer Krolikowski, the senior materiel leader for Space C2 at the Air Force Space and Missile Systems Center.

Palantir has a long tradition of providing cutting-edge technology to the country’s armed forces. It previously worked with the Space Force in 2020, with a one-year contract to provide a data backbone for the space command and control modernization program, using its Foundry software to help create a common operating picture of space.

“Our Nation’s Service Members deserve the best technology possible to win. It’s an honor to continue our work with the SMC as they deliver mission critical capability to the Service” said Doug Philippone, Palantir’s Global Defense Lead.

About Palantir Technologies

Palantir Technologies is a software company that builds enterprise data platforms for use by organizations with complex and sensitive data environments. From building safer cars and planes, to discovering new drugs and combating terrorism, Palantir helps customers across the public, private, and nonprofit sectors transform the way they use their data. Additional information is available at https://www.palantir.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may relate to, but are not limited to, Palantir’s expectations regarding the amount and the terms of the undefinitized contract and the expected benefits of our software platforms. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Forward-looking statements are based on information available at the time those statements are made and were based on current expectations as well as the beliefs and assumptions of management as of that time with respect to future events. These statements are subject to risks and uncertainties, many of which involve factors or circumstances that are beyond our control. These risks and uncertainties include our ability to meet the unique needs of our customer; the failure of our platforms to satisfy our customer or perform as desired; the frequency or severity of any software and implementation errors; our platforms’ reliability; and our customers’ ability to modify or terminate the contract. Additional information regarding these and other risks and uncertainties is included in the filings we make with the Securities and Exchange Commission from time to time. Except as required by law, we do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210524005231/en/

Media Contact
Lisa Gordon
[email protected]

Source: Palantir Technologies Inc.

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