- The U.S. Army Materiel Command (AMC) selected Palantir Technologies Inc (NYSE:PLTR) to support its prognostic and predictive maintenance and supply chain optimization efforts.
- The award totals $85.1 million over five years.
- AMC will use Palantir’s software to support logistics in contested environments, improve equipment reliability, and optimize the supply chain.
- Palantir’s software will help to deploy an AI/ML capability that integrates high-volume maintenance, sensor, and supply data.
- Also Read: Palantir And This Leading Healthcare Distributor Bond Over Efficient Medical Supply Chain Ecosystem
- The system builds upon AMC’s existing enterprise resource planning (ERP) and conditions-based maintenance (CBM) tools to provide a modernized operating capability that empowers users to take data-informed actions to leverage the Army’s global assets more effectively.
- In September, Palantir won a $229 million deal to develop and deliver artificial intelligence and machine learning capabilities for the Special Forces, the Joint Staff, and every branch of the U.S. Armed Services.
- Price Action: PLTR shares traded higher by 0.06% at $8.43 on the last check Thursday.
Raymond James Maintains Outperform on Myriad Genetics, Raises Price Target to $27
Raymond James analyst Andrew Cooper maintains Myriad Genetics (NASDAQ:MYGN) with a Outperform and raises the price target from $25 to $27.
