Palantir Technologies (PLTR) continues to add to its government contract portfolio, and its latest win hits unusually close to home for millions of Americans. The company just secured a $300 million agreement with the U.S. Department of Agriculture (USDA) to modernize the agency's service to farmers and protect the nation's food supply.
For investors tracking Palantir's government business, the size and scope of this award matter. Although the bigger question is whether it moves the needle on a tech stock that has already had a historic run.
