Palantir Technologies’ (PLTR) Pipeline Bolstered by $100M NGC-2 Contract

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the best 52-week high stocks to buy now. On July 21, the stock was a big mover after the company secured a $100 million contract from the US government for the Next-Generation Command and Control (NGC-2) platform prototype.

Palantir Technologies’ (PLTR) Pipeline Bolstered by $100M NGC-2 Contract
Palantir Technologies’ (PLTR) Pipeline Bolstered by $100M NGC-2 Contract

A data extraction engineer assembling a complex integration and configuration.

In partnership with Anduril, Palantir is tasked with developing the next phase of NGC-2, one of the US Army’s highest-priority projects. Palantir is likely to incorporate its Maven Smart System and Edge Data Mesh into NGC-2.

Research firm William Blair expects $30 million of the total contract value to go to Palantir, with potential to increase to more than $150 million in annual recurring revenue over the next three years. Palantir allegedly secured $135 million in annual recurring revenue across nine different contracts in the second quarter compared to just $27 million in the same period last year.

Palantir Technologies Inc. (NASDAQ:PLTR) is a software company that builds platforms for data integration, analysis, and decision-making. It helps organizations, particularly in government and commercial sectors, make sense of vast amounts of data to solve complex problems. Its platforms, including Gotham, Metropolis, and Foundry, are used for various applications, from national security and law enforcement to financial services and supply chain management.

While we acknowledge the potential of PLTR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Best Biotech Stocks to Buy According to Billionaire Steve Cohen and 11 Growth Stocks That Could Double by 2027.

Disclosure: None. This article is originally published at Insider Monkey.

Source link

Visited 1 times, 1 visit(s) today

Related Article

Security tightens as Donald Trump plays golf at Turnberry

Security tightens as Donald Trump plays golf at Turnberry

Mary McCool BBC Scotland News Trump waves at the cameras while playing golf at Turnberry A major security operation is ramping up as Donald Trump begins a four-day private visit in Scotland. The US president arrived at Prestwick Airport on Friday evening and stayed at his luxury golf resort, Trump Turnberry in South Ayrshire. Wearing

26 July 2025
A person looking up at drawings of light bulbs and one bulb with a dollar sign.

The Smartest Dividend Stocks to Buy With $350 Right Now

These stocks offer juicy dividends, solid growth prospects, and stability. I like dividend stocks. You probably should, too, even if you aren’t interested in the income they provide. Dividends have driven a significant chunk of the S&P 500‘s (SNPINDEX: ^GSPC) total return over the long run. It’s easy to succumb to analysis paralysis when trying

26 July 2025
President Donald Trump arrives in Scotland

President Donald Trump arrives in Scotland

45 minutes ago ShareSave ShareSave Getty Images Donald Trump arrived at Prestwick Airport on Friday evening at the start of a four-day visit to Scotland US President Donald Trump has arrived in Scotland for a four-day private visit. He is due to meet the prime minister and First Minister John Swinney, though he begins his

26 July 2025
Image: CAMBODIA-THAILAND-BORDER-CONFLICT

Thailand and Cambodia trade accusations as deadly border clashes enter third day

SURIN, Thailand— Thailand and Cambodia traded accusations Saturday of fresh attacks as deadly border clashes entered a third day, leaving at least 33 people dead and more than 168,000 displaced, as international pressure mounted on both sides to reach a ceasefire. Artillery fire and gunshots were reported near several border villages, expanding the area of

26 July 2025
Man beats up golfer over slow play, deputies say

Florida man arrested after beating up golfer over slow play, deputies say

Man beats up golfer over slow play, deputies say A man is accused of attacking another man for playing too slowly at a golf course in Kissimmee. The man now has stitches and a broken bone. FOX 35’s Manny Martinez walks us through what happened. KISSIMMEE, Fla. – A Florida man has been arrested after

26 July 2025
Mary Anne MacLeod Trump at her home in Stornoway, Scotland.

Trump flees Washington controversies for golf-heavy trip to Scotland

Facebook Tweet Email Link Edinburgh, Scotland  —  Fleeing Washington’s oppressive humidity and nonstop questions over heated controversies, President Donald Trump is once again taking weekend refuge at his golf clubs — this time more than 3,000 miles away in Scotland. While the White House has called his five-day trip a “working visit,” it’s fairly light

26 July 2025