Draft Pentagon memo would direct up to $243.9M in funding for Palantir services

A draft memo from Deputy Defense Secretary Steve Feinberg, dated August 4 and titled Funding Palantir, would direct up to $243.9 million for Palantir services through March 31, 2027, with options through December 2028. Defense outlets described it as effectively a sole-source or no-bid consulting arrangement and said it was unclear whether it had been finalized. It is a direction to fund rather than a published contract award, so the revenue timing is uncertain.

• Up to $243.9M for Palantir services
• Period through March 31, 2027, with options to December 31, 2028
• Memo dated August 4, 2026, signed by Steve Feinberg
• Described as sole-source or no-bid; finalization unclear