Pentagon Awards Microsoft $9.7 Billion Enterprise Software Deal

MT Newswires Live06:54

The Pentagon on Wednesday announced a five-year, $9.69 billion agreement to consolidate Microsoft (MSFT) and other enterprise software licenses used across the military services, intelligence community and U.S. Coast Guard into a single contract vehicle, Reuters reported.

The agreement, called the Core Enterprise Technology Agreement, is intended to reduce duplicative spending and simplify fragmented software procurement across the Defense Department.

Reuters reported the deal combines existing spending on Microsoft 365 subscriptions, cloud services and on-premises software licensing, allowing the Pentagon to use its broader purchasing power to negotiate lower costs.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment