Palantir Technologies (PLTR) shares gained Thursday after the analytics software provid💧er said it extended a contract with the U.S. Army that could be worth more than half a billion dollars.

The company said the agreement has a value of $400.7 million for up to four years, with a potential to reach $618.9 million.

Palantir and the Army have partnered since 2018 in a program known as Army Vantage, with Palantir providing the Army with “data and 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) to more effectiඣvely perform essential missions and enable faster decision-making across the force.”

The company added that with its software, “the Army is able to create AI-enabled data solutions that integrate, analyze, and visualize information from multiple disparate data sources to better enable operational effi✱ciencies and optimize business processes across the Army enterprise.”  

Palantir said so far Vantage has supported more than 100,000 users, with a record number set this ye💮ar.

Shares of Palantir climbed close to 4% Thursday following the news and have more than quadrupled in value since the start of the year. The stock is 澳洲幸运5官方开奖结果体彩网:set to join the Nasdaq 100 Index next Monday.

CORRECTION—Dec. 19, 2024: This article has been corrected to reflect Palantir's contract with the U.S. Army could be worth up to $618.9 million.