- Palantir Technologies Inc PLTR won a one-year $18.4 million Federal Aviation Administration (FAA) contract to provide a data analytics tool to drive the agency's aviation safety modernization objectives.
- The contract has two additional option years.
- Palantir Foundry will support the FAA's aircraft certification and continued operational safety activities, including the ongoing monitoring of the Boeing Co's BA 737 MAX fleet's return to service.
- Price action: PLTR shares traded lower by 0.25% at $25.39 in the premarket session on the last check Friday.
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