Why Palantir Stock Popped on Thursday

Shares of big data-for-defense company Palantir Technologies (NYSE: PLTR) soared in Thursday trading after the defense contractor announced that the U.S. Space Systems Command -- a division of the U.S. Space Force -- has awarded it a big follow-on contract for Battle Management Command, Control, and Communications (BMC3).  

Palantir stock is up a solid 10% as of 1:20 p.m. ET in response.

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Source Fool.com