Pentagon Announces $ 10 Billion Cloud Computing Agreement with Microsoft


The Pentagon announced it would cancel a controversial $ 10 billion contract for a cloud computing system called Joint Enterprise Defense Infrastructure, or JEDI. The contract was granted to Microsoft in 2019, and Amazon sued the decision, saying that the decision was influenced by then-President Trump’s animus over Jeff Bezos, who resigned as Amazons earlier this week CEO. After Tuesday’s announcement, Amazon’s stock rose amid speculation that the company would receive part or all of a new Pentagon contract. Bloomberg reported that Bezos’ personal net worth rose $ 8.4 billion in one day.

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