Amazon Is Running Out of Ways to Stop Microsoft’s JEDI Deal
Last October, the U.S. Department of Defense awarded Microsoft (NASDAQ: MSFT) its coveted Joint Enterprise Defense Infrastructure (JEDI) cloud contract. The deal, which will be worth up to $10 billion over the next 10 years, allows Microsoft to provide cloud infrastructure services for the Pentagon's business and mission operations.
The JEDI deal was a major victory for Microsoft and a significant setback for Amazon (NASDAQ: AMZN). Both companies entered the final bidding round after outbidding other competitors, including IBM and Oracle, in an earlier round.
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Source Fool.com
