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ck1986
2021-10-11

Palantir Wins $90 Million Contract With U.S. Veterans Affairs

Palantir Technologies Inc. said Thursday it won a contract with the U.S. Department of Veterans Affa

Palantir Wins $90 Million Contract With U.S. Veterans Affairs

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Those deals are worth nearly $900 million over several years.</p>\n<p>The contracts, along with the new Veterans Affairs deal, expand the data company’s use within national agencies, inching Palantir closer to the goal it laid out in an investor letter of “becoming the default operating system across the U.S. government,” and reversing what had previously been a slump in U.S. government spending.</p>\n<p>Palantir’s expected revenue from the U.S. government in fiscal 2021, which ended Sept. 30, fell short of previous records. However, the company secured contracts with the National Nuclear Security Administration and the Coast Guard earlier this year, and in August Palantir raised its third-quarter revenue guidance on strong government uptake.</p>\n<p>The U.S. government decreased its obligations to Palantir 25% to $198 million in fiscal 2021, according to government data site usaspending.gov.</p>\n<p>Palantir will need to continue winning deals, like the high-profile contract with the U.S. Immigration and Customs Enforcement Agency expected to be announced in coming weeks, and expand total contract size to please investors expecting growth.Palantir will report its third-quarter results next month. FedScoop earlier reported on the deal.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir Wins $90 Million Contract With U.S. Veterans Affairs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir Wins $90 Million Contract With U.S. Veterans Affairs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-08 08:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-10-07/palantir-wins-90-million-contract-with-u-s-veterans-affairs?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Palantir Technologies Inc. said Thursday it won a contract with the U.S. Department of Veterans Affairs, the latest in a steady drumbeat of new government deals for the company.\nThe contract -- a $90 ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-10-07/palantir-wins-90-million-contract-with-u-s-veterans-affairs?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://www.bloomberg.com/news/articles/2021-10-07/palantir-wins-90-million-contract-with-u-s-veterans-affairs?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2173942966","content_text":"Palantir Technologies Inc. said Thursday it won a contract with the U.S. Department of Veterans Affairs, the latest in a steady drumbeat of new government deals for the company.\nThe contract -- a $90 million, four-year deal -- comes just days after Palantir renewed and expanded contracts with the U.S. Army and the National Institutes of Health. Those deals are worth nearly $900 million over several years.\nThe contracts, along with the new Veterans Affairs deal, expand the data company’s use within national agencies, inching Palantir closer to the goal it laid out in an investor letter of “becoming the default operating system across the U.S. government,” and reversing what had previously been a slump in U.S. government spending.\nPalantir’s expected revenue from the U.S. government in fiscal 2021, which ended Sept. 30, fell short of previous records. However, the company secured contracts with the National Nuclear Security Administration and the Coast Guard earlier this year, and in August Palantir raised its third-quarter revenue guidance on strong government uptake.\nThe U.S. government decreased its obligations to Palantir 25% to $198 million in fiscal 2021, according to government data site usaspending.gov.\nPalantir will need to continue winning deals, like the high-profile contract with the U.S. Immigration and Customs Enforcement Agency expected to be announced in coming weeks, and expand total contract size to please investors expecting growth.Palantir will report its third-quarter results next month. 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Palantir Wins $90 Million Contract With U.S. Veterans Affairs

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