Skip to playerSkip to main contentSkip to footer
  • 2 days ago
The U.S. Army announced it will consolidate multiple contracts into a single enterprise agreement with Palantir, securing volume-based discounts, according to Reuters. The deal includes an option to purchase up to $10 billion in software over the next 10 years. The Army said the deal does not obligate it to make any new purchases. The Army said the consolidation aims to speed up procurement and eliminate contract fees to accelerate the deployment of data integration and AI tools.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02U.S. Army announced it will consolidate multiple contracts into a single enterprise agreement
00:06with Palantir, securing volume-based discounts according to Reuters.
00:10The deal includes an option to purchase up to $10 billion in software over the next 10 years.
00:14Army said the deal does not obligate it to make any new purchases.
00:17The Army said the consolidation aims to speed up procurement
00:19and eliminate contract fees to accelerate the deployment of data integration and AI tools.
00:25For all things money, visit Benzinga.com.

Recommended