Oracle Wins $7B Navy IDIQ Contract
2 sources · first reported Yesterday
Oracle has received a potential $7 billion IDIQ contract from the U.S. Navy under the Department of the Navy's Enterprise Software Initiative. The contract spans a 10-year period, with a 5-year base period and a 5-year option period. The award is related to the Navy's digital modernization efforts, which include AI and autonomous systems.
Why it matters
This contract highlights the Navy's focus on digital modernization and leveraging commercial technology, such as enterprise software, to enhance its operations. The use of AI and autonomous systems will be crucial in the Navy's future capabilities.
Independent Media 2
Single-source: Independent Media
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How this story unfolded across sources, oldest first.