{"id":413808,"date":"2021-01-13T07:02:31","date_gmt":"2021-01-13T12:02:31","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=413808"},"modified":"2021-01-13T07:02:31","modified_gmt":"2021-01-13T12:02:31","slug":"palantir-selected-to-deliver-prototype-for-armys-ground-station-modernization","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/palantir-selected-to-deliver-prototype-for-armys-ground-station-modernization\/","title":{"rendered":"Palantir Selected to Deliver Prototype for Army\u2019s Ground Station Modernization"},"content":{"rendered":"

<\/p>\n

Palantir Selected to Deliver Prototype for Army\u2019s Ground Station Modernization<\/b><\/p>\n

DENVER–(BUSINESS WIRE<\/a>)–
\nPalantir Technologies Inc. (NYSE:PLTR) announced today the Army (PEO IEW&S) down-selected it to deliver a prototype for the first phase of the Army\u2019s Ground Station modernization in support of the Army\u2019s Tactical Intelligence Targeting Access Node (TITAN) program.\n<\/p>\n

\nThe contract value for this phase is $8.5 million, with a potential contract value of approximately $250 million over all 4 phases. Palantir was awarded a Phase 1 Project Agreement through an Other Transaction Agreement (OTA) with Consortium Management Group, Inc. (CMG) on behalf of Consortium for Command, Control and Communications in Cyberspace (C5).\n<\/p>\n

\nDuring the first phase of the effort, Palantir will collaborate with the Army to design and demonstrate the ground station prototype solution for the Army\u2019s TITAN program. The Palantir solution will leverage space, high altitude, aerial, terrestrial sensors and data sources for use in intelligence and military targeting operations. It will field a \u201cturn key\u201d solution for the Army that integrates data from a variety of sources including commercial and classified sources from space to ground sensors.\n<\/p>\n

\nThe results of the first phase of this competitive contract will be used by the Army to inform awarding of future phases and eventual production of the ground station for the TITAN enterprise.\n<\/p>\n

\n\u201cPalantir\u2019s products were built for just this purpose,\u201d said Doug Philippone, Palantir\u2019s Global Defense lead. \u201cOperators down range need shortened targeting timelines when dealing with near peer threats, and our existing programs create the perfect operating system to accelerate decision-making.\u201d\n<\/p>\n

\nThis ground station modernization effort will field a globally distributed intelligence enterprise to meet the challenge of Joint All-Domain Operations against near peer threats. The overall solution will incorporate data integration, fusion, processing, and analytic capabilities using AI and ML to automate and assist the Army in shortening sensor-to-shooter timeline. This system will provide a comprehensive deployable edge solution to counter global threats in challenging and austere environments to support intelligence and targeting.\n<\/p>\n

About Palantir Technologies <\/b><\/p>\n

\nPalantir 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<\/a>.\n<\/p>\n

About CMG <\/b><\/p>\n

\nThe mission of Consortium Management Group, Inc. on behalf of Consortium for Command, Control, and Communications in Cyberspace (C5) is to speed development of technologies to improve U.S. Government capabilities required to sustain U.S. military supremacy in weapon systems information technologies.\n<\/p>\n

\nFor more information on CMG and its uniquely rapid, cost-effective and collaborative acquisition vehicle for companies, nonprofits and academic organizations seeking to do business with the Federal Government, contact Mary Reinecke at mary@cmgcorp.org<\/a>, 202-466-4211.\n<\/p>\n

Forward-Looking Statements <\/b><\/p>\n

\nThis 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\u2019s expectations regarding the amount and the terms of the contract and the expected benefits of its 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\u2019 reliability; and our customer\u2019s ability to modify or terminate the contract or partnership. 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.\n<\/p>\n

\nEffort sponsored by the U.S. Government under Other Transaction number W15QKN-17-9-5555 between the Consortium Management Group, Inc., and the Government. The U.S. Government is authorized to reproduce and distribute reprints for Governmental purposes notwithstanding any copyright notation thereon.\n<\/p>\n

\nThe views and conclusions contained herein are those of the authors and should not be interpreted as necessarily representing the official policies or endorsements, either expressed or implied, of the U.S. Government.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210113005276\/en\/<\/a><\/span><\/p>\n

Media
\n<\/b>
Lisa Gordon
\n
media@palantir.com<\/a><\/p>\n

\n\u00a0\n<\/p>\n

KEYWORDS:<\/b> United States North America Colorado<\/p>\n

INDUSTRY KEYWORDS:<\/b> Defense Data Management Technology Contracts Software<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Palantir Selected to Deliver Prototype for Army\u2019s Ground Station Modernization DENVER–(BUSINESS WIRE)– Palantir Technologies Inc. (NYSE:PLTR) announced today the Army (PEO IEW&S) down-selected it to deliver a prototype for the first phase of the Army\u2019s Ground Station modernization in support of the Army\u2019s Tactical Intelligence Targeting Access Node (TITAN) program. The contract value for this phase is $8.5 million, with a potential contract value of approximately $250 million over all 4 phases. Palantir was awarded a Phase 1 Project Agreement through an Other Transaction Agreement (OTA) with Consortium Management Group, Inc. (CMG) on behalf of Consortium for Command, Control and Communications in Cyberspace (C5). During the first phase of the effort, Palantir will collaborate with the Army to design and … <\/p>\n

Continue reading “Palantir Selected to Deliver Prototype for Army\u2019s Ground Station Modernization”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-413808","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nPalantir Selected to Deliver Prototype for Army\u2019s Ground Station Modernization - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/palantir-selected-to-deliver-prototype-for-armys-ground-station-modernization\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Palantir Selected to Deliver Prototype for Army\u2019s Ground Station Modernization - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Palantir Selected to Deliver Prototype for Army\u2019s Ground Station Modernization DENVER–(BUSINESS WIRE)– Palantir Technologies Inc. (NYSE:PLTR) announced today the Army (PEO IEW&S) down-selected it to deliver a prototype for the first phase of the Army\u2019s Ground Station modernization in support of the Army\u2019s Tactical Intelligence Targeting Access Node (TITAN) program. The contract value for this phase is $8.5 million, with a potential contract value of approximately $250 million over all 4 phases. Palantir was awarded a Phase 1 Project Agreement through an Other Transaction Agreement (OTA) with Consortium Management Group, Inc. (CMG) on behalf of Consortium for Command, Control and Communications in Cyberspace (C5). 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