July 31 (Reuters) - The U.S. Army on Thursday said it
was consolidating dozens of contracts into a single enterprise
deal with Palantir ( PLTR ), giving it volume-based discounts
and the option to purchase up to $10 billion from the software
provider over 10 years.
The deal does not commit the Army to any new purchases, it
said in a press release.
The Army said the goal of this consolidation was to shorten
procurement timelines and remove contract-related fees so it can
deploy data integration and artificial intelligence tools
faster.