Palantir Technologies Bags One Year $18.4M FAA's Aviation Safety Transformation Contract

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.