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0.000933706816059688 0.0039666062503432 0.00258142472675344 -0.00378975119459563 -0.00203218542318891 -0.01395067831054 -0.018842203548086 0.000439940682155146
Stock impact report

Palantir (PLTR) in Focus After Winning $448M U.S. Navy Contract, Analyst Holds Market Perform [Yahoo! Finance]

Palantir Technologies Inc. - Class A (PLTR) 
Company Research Source: Yahoo! Finance
The rating affirmation follows Palantir's $448 million contract with the U.S. Navy to manage the supply chain of its nuclear submarine fleet. “Yesterday, the U.S. Navy awarded Palantir a $446 million contract to provide its software to two shipbuilders and over 100 suppliers in the submarine industrial base to accelerate submarine production.” While the Navy contract award holds the potential to become one of Palantir's largest, even larger than Maven, the firm remains neutral on the stock amid broader valuation and growth considerations. Over the past few years, the US Navy has taken measures to resolve bottlenecks that pushed submarine production rates to fall below its targets for both the Virginia-and Columbia class (two plus one). These initiatives have begun to bear fruit. General Dynamics reported on its third earnings call that its maritime division reported 14% revenue growth in the third quarter after rising 22% growth in the previous quarter. Meanwhile, major Navy s Show less Read more
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