Why Amazon’s Slice of the Pentagon’s $9 Billion Cloud Contracts Adds to the Bull Case

Amazon


stock has been clobbered since it last reporting earnings but the U.S. Department of Defense added to the bull case for the shares on Wednesday.

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).