Oracle signs 10-year software contract with Pentagon worth up to $7 billion
Oracle has secured a 10-year software contract with the U.S. Department of War valued at up to $7 billion.
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The brief
The Department of War has finalized a contract with Oracle for software services. The agreement spans a 10-year period and carries a maximum value of $7 billion.
Coverage from Yahoo Finance, Fox Business, the Wall Street Journal, Reuters, CNBC, and the Department of War emphasizes the scale of the deal and its role in current software consolidation efforts. Market reporting notes that Oracle stock saw after-hours movement following the announcement.
Future developments will center on the implementation of the software across defense operations. Coverage does not yet specify the exact timeline for the commencement of services or specific technology deployments under the agreement.
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Quick answers
What is the value of the Oracle contract?
The contract is valued at up to $7 billion.
How long is the term of the agreement?
The contract is for a duration of 10 years.
Who awarded the contract to Oracle?
The U.S. Department of War awarded the contract.
Coverage (7)
- U.S. Department of War Speeds Procurement of Oracle Solutions Through Enterprise Software Initiative (ESI) Oracle · 12h ago
- ORCL Stock Rises After-Hours On Pentagon Deal Worth Up To $7B Yahoo Finance · 12h ago
- Department of War taps Oracle for software deal worth nearly $7B Fox Business · 12h ago
- Defense Department Awards Oracle $7 Billion Contract WSJ · 12h ago
- Pentagon awards Oracle nearly $7 billion deal in latest software consolidation push Reuters · 12h ago
- Contracts for July 23, 2026 U.S. Department of War (.gov) · 12h ago
- Oracle signs 10-year software contract with Pentagon worth up to $7 billion CNBC · 12h ago
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