Oracle (ORCL) Stock Jumps 3% After $7 Billion Pentagon Contract Win

TLDR

• Oracle stock rose over 3% in pre-market trading after securing a Pentagon enterprise software deal worth up to $7 billion
• The contract runs up to 10 years — a five-year base period worth ~$3.31 billion, with a five-year renewal option
• The deal covers the Department of Defense, U.S. Coast Guard, and intelligence agencies, with the CIA named as Oracle’s first customer
• The agreement consolidates previously fragmented Oracle software licenses across military branches into one unified contract
• The DoD says the deal will save taxpayers at least $441 million

Oracle (ORCL) stock jumped more than 3% in pre-market trading on Friday after the Pentagon announced a sweeping enterprise software agreement with the company worth up to $7 billion over ten years.

Oracle Corporation, ORCL

The contract was negotiated by the Department of the Navy. It covers a base period of five years, valued at approximately $3.31 billion, with an optional five-year extension that could bring the total to roughly $6.99 billion.

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