Odaily Planet Daily reports: The U.S. Department of Defense has announced a enterprise software agreement with Oracle, worth nearly $7 billion over a maximum term of 10 years, consolidating existing on-premises software licenses into a single contract to reduce costs from fragmented procurement. The agreement, negotiated by the U.S. Department of the Navy, has an initial term of five years with a five-year renewal option, covering the Department of Defense, the Coast Guard, and intelligence agencies. Previously, in May of this year, the Pentagon signed a similar software consolidation agreement with Microsoft worth $9.69 billion over five years. (Reuters)
U.S. Pentagon Signs $7 Billion Software Deal with Oracle for 10-Year Term
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The U.S. Pentagon has signed a $7 billion software agreement with Oracle over a 10-year term, according to on-chain news sources. The contract will consolidate on-premises software licenses under a single agreement, reducing costs from fragmented purchases. Negotiated by the Navy, the deal spans five years with a renewal option and covers the Department of Defense, Coast Guard, and intelligence agencies. This follows a $9.69 billion software deal with Microsoft earlier this year, underscoring ongoing tech investment across both the cryptocurrency and government sectors.
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