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Oracle Stock Stays Down 65% Despite $7B Pentagon Deal

The five-year contract could run to 10 years and may save taxpayers at least $441 million, officials said.

Summary by Memeburn
Oracle stock gained about 2.5% in extended trading after the Pentagon awarded the company an enterprise software agreement worth up to $6.99 billion. The initial reaction reflects the scale and strategic value of the contract, which could run for ten years and cover military branches, the intelligence community, and the U.S. Coast Guard. The recovery still leaves ORCL near $120, roughly 65% below its September 2025 intraday high of $345.72. That…

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foreignpolicyjournal.com broke the news on Saturday, July 25, 2026.
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