Palantir Applied sciences Inc (NYSE: PLTR) and Lockheed Martin Corp (NYSE: LMT) collaborated to deal with delivering fashionable software program to help Navy fight techniques.
They leveraged Lockheed Martin’s deep technical expertise and Palantir’s Apollo platform.
The collaboration focuses on driving innovation and dealing intently with the U.S. Navy to modernize its fight techniques for the floor fleet.
Additionally Learn: Lockheed Luggage Deal With Microsoft For Environment friendly Info Sharing With Pentagon
The monetary phrases of the partnership stay undisclosed.
“We consider that, by sharing our method by way of the Apollo product, extra prospects can make the most of the Autonomous Deployment method,” mentioned Palantir COO Shyam Sankar.
“Lockheed Martin is investing in expertise, capabilities, instruments, and infrastructure to ship one of the best software program to the warfighter effectively and affordably. Palantir’s Apollo is central to those efforts. Apollo addresses last-mile supply challenges and performs automated software program deployment and administration throughout safe authorities networks, cloud environments, and on-platform environments,” mentioned Joe DePietro, Vice President & Normal Supervisor at Lockheed Martin.
Value Motion: PLTR shares traded greater by 0.85% at $7.14 within the premarket on the final verify Wednesday.
See extra from Benzinga
Do not miss real-time alerts in your shares – be part of Benzinga Professional totally free! Attempt the instrument that may assist you make investments smarter, sooner, and higher.
© 2022 Benzinga.com. Benzinga doesn’t present funding recommendation. All rights reserved.