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Palantir Wins New Pentagon Deal With $111 Million From the Army

  • Company beats Microsoft, Ernst & Young, Accenture, Deloitte
  • Peter Thiel-backed company is also working on Project Maven
Peter Thiel, co-founder and chairman of Palantir Technologies Inc.

Peter Thiel, co-founder and chairman of Palantir Technologies Inc.

Photographer: Kiyoshi Ota/Bloomberg

The U.S. Army will spend $111 million next year in a new contract with Palantir Technologies Inc., deepening ties between Peter Thiel’s data analytics company and the Pentagon.

The new Defense Department deal will represent about 10% of Palantir’s revenue next year, according to people familiar with the company’s finances. It’s the first step in what could be a four-year, $440 million deal with the Army.