Palantir has inked a contract with the U.S. Army worth up to $10 billion over the next decade.

The agreement provides purchasing flexibility and removes contract-related fees and procurement timelines, the Army said.

Palantir has been a key beneficiary of President Donald Trump's clampdown on cost efficiencies using artificial intelligence.

Palantir has inked a contract with the U.S. Army worth up to $10 billion to meet growing warfare demands over the next decade.

As part of the deal, Palantir will help the military streamline efficiencies while preparing for threats, consolidating 75 total contracts into one enterprise deal, the release states.