00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Oracle shares are trading higher in Friday's pre-market session, according to Benzinga.
00:07The U.S. Defense Department awarded the company a 10-year enterprise software contract
00:11worth nearly $7 billion if all options are exercised.
00:15The agreement, negotiated by the Department of the Navy,
00:19is the first direct award covering the department's on-premises Oracle software
00:23and is valued at $3.31 billion for the first five years.
00:28The Pentagon said the deal will streamline software procurement,
00:32improve visibility into licensing and spending,
00:35and generate at least $441 million in taxpayer savings.
00:39Shares were up 2.24% at $122.72 during pre-market trading on Friday,
00:46according to Benzinga Prodata.
00:47For all things money, visit Benzinga.com.
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