Defence
The US cloud company won a $7 billion contract for services over the next ten years.
Oracle is forming a tighter relationship with the Pentagon after receiving a contract worth up to $6.99 billion to supply its systems over the next ten years, following similar multi-billion-dollar deals with Dell and Salesforce.
Oracle will provide IT consultation and software services for the Department of War’s (née Defence) on-premise infrastructure under an “indefinite delivery/indefinite quantity” (IDIQ) contract, consolidating individual procurements.
Government, Defence and Intelligence EVP Kim Lynch said the deal: “creates a more streamlined path for DoW organizations to procure Oracle technologies, helping reduce acquisition complexity and accelerate mission outcomes.”
Split into two halves, the contract includes an initial $3.311 billion deal over five years, and an optional five-year extension that would see its cumulative value reach $6.99 billion.
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