Benzinga | May 24, 2021 08:01AM EDT

Palantir Technologies Strikes $32.5M Deal With US Air Force

* Palantir Technologies Inc (NYSE: PLTR) offered its software to the critical missions of the Department of the Air Force (DAF), Space and Missile Systems Center's Cross-Mission Ground & Communications Enterprise (SMC/ECX), and NORAD-NORTHCOM.

* The aggregate firm-fixed-price award was worth $32.5 million.

* Palantir as Data-as-a-Service (DaaS) platform will support SMC/ECX's Space Command and Control program element at both the National Space Defense Center and the Combined Space Operations Center.

* Department of the Air Force's Project Brown Heron will utilize Palantir's operational readiness analytics platform.

* Additionally, Palantir will support NORAD-NORTHCOM's Joint All Domain Command and Control (JADC2) transformation, ingesting, and modeling high-scale data.

* Price action: PLTR shares traded higher by 1.35% at $21.03 in the premarket session on the last check Monday.