Palantir Technologies Inc. (NYSE: PLTR) today announced a contract awarded by the DEVCOM Army Research Laboratory (ARL) expanding Maven Smart System access across the military services to include the Army, Air Force, Space Force, Navy, and US Marine Corps. This firm-fixed price contract is worth up to $99,804,561 over five years and simplifies and expedites the ability for services to access the existing capabilities within Maven Smart System. Maven Smart System is part of the National Geospatial-Intelligence Agency’s Maven AI infrastructure.

“To stay ahead of our adversaries, we must deliver software advantage at speed and at every level of the Department of Defense,” said Shannon Clark, Head of Defense Growth, Palantir. “NGA has been a leader in rapidly adopting the strongest AI capabilities to enable warfighters around the globe, and we are excited to support the program as it scales to meet critical infrastructure requirements across all of the services.”

This expanded user base is a result of demand for Maven Smart System to improve interoperability between strategic and tactical operations within the military departments and increase readiness by building upon existing Department of Defense investments for joint interoperability and fight-tonight capabilities. Palantir’s platform will support AI-enabled battlespace awareness, global integration, force management, contested logistics, joint fires and targeting workflows.

Project Maven was established in 2017 with the objective of delivering flagship AI capabilities to the Department of Defense. Project Maven transitioned to NGA in 2023, where it became a Program of Record called Maven. Maven provides the cloud infrastructure, software capabilities, and AI that powers CDAO’s Combined Joint All-Domain Command and Control (CJADC2) initiatives.

“Rapid fielding and adoption of critical technology -- including the agile, effective, and responsible deployment of AI/ML — is essential for the United States to maintain its competitive advantage,” said Akash Jain, President of Palantir USG. “This contract vehicle will allow every military department to tap into the innovation that the Office of Secretary of Defense and NGA have created through Maven to accelerate their own CJADC2 programs. We are proud to work alongside dozens of America’s strongest technology providers supporting the broader initiative to provide America’s warfighters at every echelon with the most effective capabilities available today.”

Through Maven Smart System, software and advanced digital capabilities act as the connective tissue between operators and sensor feeds, platforms (hardware and software), and algorithms. These AI-enabled capabilities drastically enhance the speed and accuracy of software-enabled workflows, improving operational decision-making through human-machine teaming. Palantir solutions leverage the DoD’s investments in AI and machine learning to operationalize and field CJADC2 capabilities in real-world environments.

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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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