Palantir shares rally to $ 823 million contract with military

Palantir Technologies Inc. PLTR,
+ 0.17%
stocks rallied in the extended session on Tuesday after the data software company said it had been selected for a U.S. military intelligence program contract. Palantir stock jumped 5% after-hours, after rising 0.2% to close at $ 23.21. The company said it won an $ 823 million contract to provide the military with its Gotham platform, which is “an operating system for defense decision making and is specially designed to connect the dots. between disparate sources “. Palantir said the platform “will support Army Intelligence users around the world with a globally federated intelligence data fabric and analysis platform spanning multiple security classifications.”