What Happened
Enterprise Tech Giant Secures Major Government Contract
Oracle has secured a major software deal with the Pentagon worth up to $7 billion over the next decade. The 10-year contract aims to consolidate the use of Oracle’s on-premise software across the U.S. Department of War, with a base value of $3.31 billion for the first five years. The deal is expected to save at least $441 million and create a centralized framework to simplify procurement. According to Investor’s Business Daily, Oracle has been a Pentagon contractor since the early 1990s.