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U.S. Department of Defense Signs ~$7 Billion Software Agreement with Oracle on July 24

2026-07-24 01:21:21

ORCL-4.62%

According to Reuters, the U.S. Department of Defense announced on July 24 a ~$7 billion enterprise software agreement with Oracle, with a maximum duration of 10 years. The agreement, led by the U.S. Navy, consolidates the Pentagon's existing on-premise software licenses into a unified contract. It covers Oracle's on-premise computing resources and aims to improve software procurement efficiency, reduce operational costs, and optimize the defense system's information technology infrastructure.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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