Shares of Palantir Technologies (NYSE: PLTR) were trading sharply higher following an announcement that the company won an $823 million contract from the U.S. Army's Program Manager for Intelligence Systems and Analytics for the Capability Drop 2 program. The company was selected to progress to the next phase of the Army's competitive indefinite delivery, indefinite quantity contract following a successful collaboration on a “Test, Fix, Test” process.
Why Is Palantir Stock Trading Higher During Tuesday's After-Hours Session