Ready? Fly! | Palantir Bullets #19

This week's Palantir developments and the crowned “Tweet of the Week”

Editor: Emanuele Marabella

Hi, I’m Arny. Thank you for joining 1.590 investors who receive the deepest Palantir research. Please hit the ❤️ button if you enjoy today’s article.

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Palantir last week:

• Palantir awards an $18.5mn contract modification with the US Air Force over Project Brown. The project, which focuses on personnel readiness, started in 2021 and expanded by $54mn in May. According to Defense Daily, the total cumulative face value of the contract is about $195.7 million.

“Work will be performed in Palo Alto, California, and is expected to be completed by June 15 this year, according to the notice.” - DefenseDaily

Arny Trezzi 🐬 @arny_trezzi

$PLTR gets $18.5mn contract modification with @usairforce. Project Brown Heron focuses on readiness to support decision-making. In May the contract was expanded by $54mn. Ready to fly ✈️

• Palantir is one of the 18 vendors selected by The Space Systems Command to provide data analytics and software services for a $900mn contract. The award is a firm-fixed-price, multiple awards, indefinite-delivery/indefinite-quantity contract (IDIQ) which is expected to be complete by March 2028. Among the 18 selected providers, there are BAE Systems, C3 AI, and EY. Palantir is set to have a crucial role: Warp Core, the platform Palantir developed in 2021 for the Space Systems Command’s Space will operate as the software infrastructure for other vendors.

“Warp Core was activated in October 2021. The vendors under the IDIQ contract will work with the Warp Core platform and provide “capabilities that require the aggregation of massive amounts of data from disparate sources and systems.” - SpaceNews

Lord Grim @lordgri52420459

$PLTR Space Force selects 18 vendors to provide space data analytics and software services. These vendors will compete for $900 million in task orders over five years! 👇 spacenews.com/space-force-se…

spacenews.comSpace Force selects 18 vendors to provide space data analytics and software servicesSpace Force selects 18 vendors to provide space data analytics and software services

• Palantir wins a renewal with AUSTRAC to support financial criminal investigations. AUSTRAC is the Australian Transaction Reports and Analysis Centre and a client since 2017. Interestingly, AUSTRAC leverages both Gotham and Foundry.

“AUSTRAC utilizes Palantir Technologies’ Gotham and Foundry software platforms to integrate and fuse large-scale data across their enterprise, driving decisions and operational outcomes.” - Palantir Press Release

Chad @PalantirChad

$PLTR Palantir Awarded Australian Transaction Reports and Analysis Centre (AUSTRAC) Renewal to Support Financial Criminal Investigations @PalantirTech $ Amount Undisclosed

• HD Hyundai acquired a 25% Stake in Palantir Korea in December. The Joint Venture has similar nature to the one with Sompo and seeks to accelerate the distribution of Palantir in the South Asian region both to public and commercial customers.

“Their new joint venture will introduce and provide customized big data platform services to the public and private sectors in Korea. HD Hyundai will be responsible for establishing a foothold in the Korean market and devising an entry strategy.” - Business Korea

amit @amitisinvesting

BREAKING: HD Hyundai Secures a 25% stake in $PLTR Korea⬇️

• Palantir's Missing Link
  underscores that the link activity in Canada is expanding both in the Commercial and Government space. Either also found evidence that the Calgary police department has been using Palantir Gotham for more than 10 years.

“In recent discoveries, however, I’ve noticed an expansion in industries covered by Foundry. Energy and Retail companies are the primary drivers for growth, with names like TransAlta and Canadian Natural Resources and other examples for other industries like Food and Defense.” - Palantir’s Missing Link

Either_Square @Either_Square

🇨🇦 I'm seeing an outstanding growth of Canadian companies using Palantir Foundry - find out some of them in this article. eithersquare.substack.com/p/palantir-x-c…

eithersquare.substack.comPalantir x CanadaAnd who they do business with in the country

• Palantir CEO Alex Karp’s interview with L’Obs is public. In the Interview, Karp shared that the French intelligence services have been trying to substitute Palantir in the last two years. Despite this, Karp is confident that in the medium term, Government Revenues are going to be boosted by the war.

“Government revenues are increasing due to the war. Five years from now, I think we will still be around 50/50.” - Alex Karp, Palantir CEO

Palantir @PalantirTech

“By supporting with the distribution of vaccines against Covid-19 in the United States and Great Britain, we’ve saved lives. By supporting Volodymyr Zelensky, we’re helping Ukrainian heroes against the Russian invasion.” Read more in @lobs:

palantir.comPalantir CEO Alex Karp in L’ObsIn a interview with L’Obs, Palantir CEO Alex Karp discusses the company’s growing presence in France and their role in serving some of Europe’s most important institutions

• Pentagon requests more than $1.8bn for AI. The budget proposal, which would consist of a 4% increase vs. 2023 to $145 billion also includes $1.4 billion for Joint All-Domain Command and Control (JADC2) initiatives, which aim to better connect the military’s sensors, shooters, and networks.

“That money “supports efforts to deliver and adopt responsible AI/ML-enabled capabilities on secure and reliable platforms. Workforce development, and DOD-wide data management and modernization efforts.” - DefenceScoop

Bryden @BrydenMcLeodVan

The DOD's fiscal 2024 budget request includes $1.8 billion for #AI. I wonder how much of these Funds will be Dispersed to PreDetermined Companies/Contracts vs. Contract Bidding for Companies like $PLTR ???

defensescoop.comPentagon requesting more than $3B for AI, JADC2The DOD’s fiscal 2024 budget request includes $1.8 billion for AI and $1.4 billion for JADC2 initiatives.

• Palantir is going to participate in Deloitte’s AI Webinar on the 30th of March. Global Tech Lead Matija Bagić will talk about how to use AI to support decision-making in manufacturing.

Lord Grim @lordgri52420459

$PLTR Join us next week on Deloitte #AI Webinar - 30th of March 12:00 CET for our next session in Deloitte #AI Webinar series: AI in Manufacturing, Modern Reporting Data Platform. 👇 www2.deloitte.com/lv/en/pages/te…

Tweet of the week

Endicott @EndicottInvests

So $pltr doesn’t get valued like a defense stock even after winning contract after contract + aiding Ukraine. $pltr doesn’t get valued like an AI stock even tho they are the leader and mentioned ChatGPT before anyone else. Market doesn’t get it…. Yet.

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Yours,
Arny