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Salesforce's Missionforce National Security platform just cleared a major federal security hurdle, landing IL5 authorization for its Government Cloud Plus Defense deployment. The stock closed up 2.71% at $190.99 on August 4.
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Salesforce (CRM) inked a $1.6 billion, three-year contract with the VA to deploy its AI-powered Missionforce platform for over 17 million veterans. The news sent shares up 4.29% on the day, but the stock is still down 38.1% year-to-date.
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The Department of Veterans Affairs awarded Salesforce a contract worth up to $1.6 billion to modernize its sprawling healthcare system using Slack and AI. The deal aims to shift the VHA from reactive reporting to proactive care.
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An Australian government audit found tech vendors showered officials with gifts around a Salesforce CRM contract award, but Salesforce itself reported zero gifts. The stock still rose nearly 5%.
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Palantir (PLTR) jumped 8.7% after announcing a strategic partnership with NVIDIA to deploy sovereign AI for US federal agencies. The deal, which targets sensitive government environments, is seen as a potential catalyst after PLTR dropped ~25% in June.