Palantir Technologies Inc. has struck a deal with a Ukrainian government agency that will see the company’s technology used in reconstruction efforts, the parties announced Thursday.
Through the arrangement with Ukraine’s Ministry of Digital Transformation, Palantir
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“Palantir is already making its contribution to Ukraine’s victory by sharing its tools and intelligence,” Mykhailo Fedorov, Ukraine’s minister of digital transformation, said in a release. “We are excited to proceed with a new stage of cooperation within Ukraine’s recovery.”
Palantir currently provides software to Ukraine that helps with the resettlement of refugees, according to the release.
Palantir shares were up 11% in Thursday’s premarket action and on track to extend a sharp recent rally. The stock has added 58% since the session just before the company posted its latest quarterly results earlier this month.
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