- Jacobs Engineering Group Inc (NYSE:J) and Palantir Technologies Inc (NYSE:PLTR) have established a strategic collaboration that targets data and technology solutions for the infrastructure and national security markets. The financial terms were not disclosed.
- The collaboration focuses on the water sector in the near term and involves launching a joint data analytics offering to support public and private sector clients. The partnership plans to expand and commercialize this innovative solution.
- Jacobs will leverage its existing O&M portfolio, machine learning modules, and wastewater process optimization tools, such as Replica, to develop and pilot a dynamic management solution suite.
- The derived analytics and insights will help increase plant performance, reduce lifecycle costs, and secure plants from cyber threats.
- The parties also plan other joint technical and programmatic initiatives to serve U.S. federal government customers.
- Price Action: J shares traded higher by 3.02% at $126.72 and PLTR lower by 1.48% at $12.00 on the last check Wednesday.
