Palantir Stock Spikes on U.S. Army TITAN Contract

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The share price of Palantir Technologies Inc. NYSE: PLTR was sharply higher in pre-market trading on March 6, 2024. The company announced it has been awarded a two-year $178 million contract from the U.S. Army for its Tactical Intelligence Targeting Access Node (TITAN) program. These are mobile ground stations that are powered by artificial intelligence (AI) and machine learning (ML) technology.

The TITAN system's mission is to provide real-time actionable intelligence using AI and ML modeling that can be implemented at the tactical edge. Palantir's AIP platform will provide a best-in-class solution that will lay the foundation for a scalable, adaptable solution designed for a rapidly evolving threat environment.

Stocks Mentioned in This Episode

Company	MarketRank™	Current Price	Dividend Yield	P/E Ratio
PLTR Palantir Technologies	2.7511 of 5 stars	$22.12 +0.7%	N/A	245.81

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