The U.S. Army is consolidating 75 contracts into a single arrangement with Palantir Technologies worth as much as $10 billion — a move the service said will accelerate deliveries and eliminate middleman fees.

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.

Yahoo Finance anchor Julie Hyman tracks Monday's top moving stocks and biggest market stories in this Market Minute. Palantir (PLTR) stock is rising ahead of earnings, fueled by a $10 billion Army contract and a 500% stock surge over the past year.