Denver-based software firm Palantir Technologies secured a 10-year, $10 billion contract to improve the U.S. Army's military readiness and efficiency.

The U.S. Army on Thursday said it was consolidating dozens of contracts into a single enterprise deal with Palantir , giving it volume-based discounts and the option to purchase up to $10 billion from the software provider over 10 years.

The Army on Friday awarded Palantir a contract worth up to $10 billion over the next decade to provide software services, with the deal consolidating