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.
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