← Back to the feed

Acquisition·None

Pentagon Signs $7B Oracle Deal

6 sources · first reported 5h ago

via Interestingengineering

The Pentagon has signed a nearly $7 billion enterprise software agreement with Oracle to unify defense software and reduce costs. The deal aims to cut $441 million in costs. This agreement is part of the Department of Defense's efforts to modernize its software systems.

Why it matters

This deal is significant as it showcases the Pentagon's efforts to modernize and unify its software systems, potentially improving efficiency and reducing costs. The use of enterprise software can enhance the Department of Defense's ability to manage and maintain its systems.

AcquisitionDoDTechnologyModernization
Independent Media 6
Single-source: Independent Media

Development timeline

How this story unfolded across sources, oldest first.

  1. CNBC ·
    Oracle signs 10-year software contract with Pentagon worth up to $7 billion
  2. CNBC ·
    Oracle signs $7 billion deal with the Pentagon
  3. The Globe and Mail ·
    U.S. Pentagon awards Oracle nearly $7-billion deal to consolidate software licences
  4. Reuters ·
    Pentagon awards Oracle nearly $7 billion deal in latest software consolidation push
  5. Interestingengineering · Primary
    Pentagon signs nearly $7B Oracle deal to unify defense software and cut $441M in costs
  6. SiliconANGLE ·
    Oracle secures $7B contract to supply the Pentagon with vital software and services