Oracle Signs 10-Year Software Contract With Pentagon Worth Up To $7 Billion
Deals·2 articles across 2 outlets·↩ Updated
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Oracle has secured a significant 10-year software contract with the U.S. Department of Defense, valued at up to $7 billion. This deal will see Oracle supplying on-premises software to the Pentagon, marking a notable achievement for the enterprise tech company.
Following the announcement of the contract, Oracle's stock experienced a boost, reflecting investor optimism regarding the implications of this deal. The contract is expected to provide Oracle with a substantial revenue stream over the next decade.
OracleU.S. Department of Defense
Sources
Every quote below is verbatim from the article it is attributed to.
SourceReports the news
“Oracle will supply on-premises software to the U.S. Department of Defense.”
CNBC — Oracle signs 10-year software contract with Pentagon worth up to $7 billion“Oracle stock climbed after the enterprise tech company won a software deal with the Pentagon.”
IBD — Oracle Stock Gets Much-Needed Boost From Pentagon Software Deal“Oracle landed a nearly $7 billion Pentagon software deal as its stock struggles”
quartz — Oracle landed a nearly $7 billion Pentagon software deal as its stock struggles
Earlier versions
- Jul 23, 9:56 PM — Oracle Signs 10-Year Software Contract With Pentagon Worth Up To $7 Billion (1/1)