Palantir (Lord of the Rings)
Peter Thiel donated $1.25 million to Donald Trump.
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.
Thiel, the co-founder and chairman of Palantir, approved the company’s move in 2016 to sue the Army over what it called an unfair bidding process. A judge found in Palantir’s favor and ordered the Army to revamp the way it solicits bids for the Distributed Common Ground System. The U.S. Government Accountability Office determined that the Army’s current system was over-budget and underperforming.