The US Department of Defense Reaches Nearly $7 Billion Software Collaboration Agreement with Oracle

BlockBeats News, July 24th, according to Reuters, the U.S. Department of Defense announced on Thursday that it has reached a nearly $7 billion, up to 10 years long agreement with Oracle, aimed at consolidating the Department of Defense's existing on-premises software licenses into a single contract. This is the latest move by the Pentagon's technology chief to drive cost savings and eliminate a fragmented procurement model.

The "Enterprise Software Agreement" was negotiated by the U.S. Navy and the signatories are the U.S. Department of Defense and Oracle. The agreement mainly covers the use of Oracle's on-premises computing resources, with the goal of improving software procurement efficiency, reducing operating costs, and further optimizing the information technology infrastructure of the defense systems.