Palantir won an $823 million US Army contract for data and analytics software

• Palantir has won most of an $823 million contract to provide data and analytics software to the US army.
• The Gotham analytics platform would prepare the US for future military threats, Palantir said.
• Palantir faces losing a separate contract with ICE, Insider reported earlier.

Palantir has won an $823 million contract to provide data and analytics software to the US Army, it said on Tuesday - a week after Insider's Caroline Haskins reported that the secretive company could lose a separate, lucrative US Immigration and Customs Enforcement (ICE) contract.

Palantir said it had been selected for the next phase of the data program after being named a finalist in 2020. A part of the $823 million program fell under a previous testing phase.

Palantir, which went public in September 2020, said Tuesday that the platform would help prepare the US military for future threats.

Under the contract, Palantir would deploy its Gotham platform, an "operating system for defense decision making" that is "specifically designed to connect the dots" between sources of information, it said in a press release. Palantir sells its Gotham platform to several federal agencies, including ICE.

Palantir, however, could lose its contract with ICE for a customized version of Gotham known as FALCON, a surveillance system that has been used to organize workplace raids. Palantir has generated up to $111 million in sales since 2013 from its FALCON work with ICE, Haskins reported.

ICE wants to replace FALCON with a tool called RAVEn, according to a government document obtained by Insider. RAVEn has been used to process hundreds of thousands of immigration documents to find evidence of people who aren't authorized to work in the US, Haskins reported on September 1.

It's unclear when FALCON might be decommissioned. Palantir has an active contract that expires in November. Its contract might be extended, Haskins reported.

An Insider investigation revealed that hundreds of companies including Amazon, Google, and Microsoft attended an event about RAVEn.

In April, Insider's Belle Lin reported that Palantir was expanding beyond defense deals with a push into life sciences.

Palantir CEO Alexander Karp was the highest paid chief executive of a public company in 2020.