Oracle lands 10-year, $7B deal to provide software to US military

Oracle won a 10-year contract with the U.S. Department of War to provide software services, a deal that could reach $6.99B if all option years are exercised.

Shares of the cloud and enterprise software company rose on the news. Oracle said the contract covers software and related services for the department's operations.

Oracle's Alpha Score sits at 40 out of 100, a Mixed rating from AlphaScala's proprietary model. The score reflects a neutral outlook based on the company's fundamentals and market position.

The contract adds to Oracle's growing government business. For more details, see the ORCL stock page.