Microsoft Wins the Pentagon JEDI Contract
The news struck like a thunderbolt.
On October 25, 2019, the lead item in the U.S. Pentagon's daily digest of contract awards announced that Microsoft Corporation (NASDAQ: MSFT) had won a 10-year contract to provide cloud-based "enterprise level, commercial Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) to support Department of Defense business and mission operations."
The contract's value: $10 BILLION. And now we know that none of that money will be going to Microsoft's archrival in cloud computing, Amazon.com (NASDAQ: AMZN).
Source Fool.com
