Peter Thiel’s Palantir Wins $876 Million U.S. Army Contract

Billionaire investor Peter Thiel got a fresh victory in Washington. His data-mining startup, Palantir Technologies Inc., won a much-contested contract to provide software to the U.S. Army.

Palantir will work with Raytheon Co. to replace the troubled Distributed Common Ground System now in effect. They beat out seven other proposals for a decade-long, $876 million contract, according to the U.S. Defense Department. Terms of the partnership between Palantir and Raytheon weren’t disclosed, and the companies didn’t immediately respond to requests for comment.