Palantir Selected by Chief Digital and Artificial Intelligence Office (CDAO) to Participate in Scaling Data Analytics and AI Capabilities Across the Department of Defense in Support of CJADC2 Strategy
31 May 2024 - 6:00AM
Business Wire
Palantir Technologies Inc. (NYSE: PLTR) today announced that the
Department of Defense Chief Digital and Artificial Intelligence
Office (CDAO) awarded its subsidiary, Palantir USG, Inc., a
production contract to make licenses of their AI-enabled operating
system available across the Department of Defense. Starting with an
initial order of $153 million to support certain Combatant Commands
and the Joint Staff, additional awards can be made up to $480
million over a 5-year period.
Additionally, CDAO has awarded Palantir a prototype Other
Transaction (OT) for $33 million to rapidly and securely onboard
third-party vendor and government capabilities into the
government-owned, Palantir-operated data environment to meet
priority Combatant Command digital needs.
“These awards represent a vital step in warfighter adoption of
AI, moving cutting-edge technology from experiment to enterprise
production,” said Shannon Clark, Head of Defense Growth, Palantir.
“We are proud to support the CDAO, enabling commanders to make
better, faster decisions across all domains at unprecedented
scale.”
Palantir’s commercial solutions will be part of the larger
CJADC2 ecosystem integrating with other vendors and programs to
support battlespace awareness, global integration, contested
logistics, joint fires, and targeting workflows. Users will benefit
from the current data integrations created as a result of
Palantir’s work on fielding AI/ML tools for the warfighter over the
last several years.
“In this era of geopolitical competition, the CDAO has become an
essential leader in bringing operational CJADC2 capabilities to
life through the agile, effective, and responsible deployment of
AI/ML,” said Akash Jain, President of Palantir USG. “Palantir is
honored to continue supporting the CDAO’s mission to develop,
field, and scale AI-enabled solutions that advance U.S. defense,
and we look forward to working alongside America’s warfighters to
ensure these efforts are effective where they matter most – in the
field and in the hands of decision-makers at all echelons.”
Additionally, government operators and third-party vendors will
be able to build data integrations, pipelines, and applications
within the platform or on other platforms through open APIs and
Ontology Software Development Kits (OSDKs). Palantir’s open
infrastructure provides organic use for flexible and rapid response
at speed while maintaining the secure collaboration needed to
ensure access controls and data protection.
This work follows Palantir’s long-standing partnership with CDAO
to support the Global Information Dominance Experiment (GIDE)
events, and the development of proven, real-world applications for
advanced technologies.
About Palantir Technologies Inc.
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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
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
customer’s 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240530260030/en/
Media Contact Morgan Gress media@palantir.com
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