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Microsoft Share Price: JEDI Could Generate Billions in Sales

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Updated: 22 August 2020

Microsoft share price gained slightly on Friday on reports that its JEDI program is receiving attention from governments overseas. 

The Joint Enterprise Defense Infrastructure, or JEDI, is a cloud-based service designed for the U.S. Defense Department. The contract with the U.S. government is worth up to $10 billion over the next ten years.

“We’ve worked with governments around the world on a longstanding and reliable basis for four decades,” Microsoft’s spokesperson told CNBC.

Microsoft’s contract with the Defense Department was suspended earlier this year by court order after a legal challenge by rival Amazon.

It seems now that governments globally are expressing interest in the JEDI contract, which could potentially bring Microsoft billions of dollars annually. 

Microsoft share price logged a fresh record high above $217 this week. 

Microsoft stock price gained on JEDI reports August 2020