Oracle stock has formed a Flag breakout on March 27, 2023, after news broke that the company won a spot on a massive $900 million Space Force contract.
Oracle among 18 contractors selected for $900M Space Force contract
Space Systems Command’s Battle Management Command, Control and Communications Program Executive Office said that it will award a $900M indefinite delivery/indefinite quantity contract to 18 contractors to provide data software services that directly support warfighter needs. “All Contractors were chosen on a best-value basis, with a heavy emphasis on their commercial software solution and current accreditation or plan/ability to obtain accreditation,” the agency said in a statement. Among the contractors selected were Palantir (PLTR), C3.ai (AI), BAE Systems (BAESY) and Oracle (ORCL). Source: https://www.ssc.spaceforce.mil/Portals/3/PRESS%20RELEASE%20-%20Space%20Systems%20Command%20Awards%20%24900%20Million.pdf
