Amazon’s Slice of the Pentagon’s $9 Billion Cloud Contract Is Another Reason to Like the Stock

Amazon


stock has been clobbered since it last reported earnings. On Wednesday, the U.S. Department of Defense added to the bull case for shares.

The Pentagon announced the issuance of several contracts worth up to $9 billion for a cloud computing project called the Joint Warfighting Cloud Capability. They went to the four largest U.S. cloud computing companies Amazon (ticker: AMZN), Microsoft (MSFT), Alphabet (GOOGL), and Oracle (ORCL).