Palantir has received a potential $400.7 million follow-on contract from the U.S. Army to continue its work on the military branch's Vantage platform.

According to an award notice published Tuesday, the sole-source recompete contract enables the continuation of software-as-a-service, or SaaS, model support of the Army Vantage software platform to help meet the U.S. government's requirements.

The contract has a 12-month performance period, five six-month option terms and another six-month option period to extend services. The award has a ceiling value of approximately $618.9 million.

In December 2023, Palantir secured a $115 million contract extension for Army Vantage.

Army Vantage is a data analytics platform that enables senior leaders, soldiers and other users across the military branch to access data quickly and accelerate the decision-making process on personnel readiness and other matters.

The platform, which is part of the Army Data Platform product office, helps turn insights into actions by leveraging artificial intelligence and machine learning capabilities.