Pentagon Cancels , Microsoft’s $10 Billion Cloud Contract.<br />On July 6, the Department of Defense announced it is canceling the Joint Enterprise Defense Infrastructure (JEDI) contract that had been awarded to Microsoft under Trump.<br />On July 6, the Department of Defense announced it is canceling the Joint Enterprise Defense Infrastructure (JEDI) contract that had been awarded to Microsoft under Trump.<br />"Due to evolving requirements, increased cloud conservancy and industry advances," the Defense Department stated that the JEDI contract "no longer meets its needs.".<br />It will now seek new bids for an updated <br />Joint Warfighting Cloud Capability contract <br />from both Microsoft and Amazon.<br />It will now seek new bids for an updated <br />Joint Warfighting Cloud Capability contract <br />from both Microsoft and Amazon.<br />It will now seek new bids for an updated <br />Joint Warfighting Cloud Capability contract <br />from both Microsoft and Amazon.<br />Amazon previously filed suit contesting the Pentagon's contract with Microsoft, .<br />claiming the decision was politically motivated due to Trump's dislike of Jeff Bezos.<br />claiming the decision was politically motivated due to Trump's dislike of Jeff Bezos.<br />Amazon is expected to win the new contract.<br />Following news of the JEDI contract cancellation on July 6, Amazon's stock rose 4.7%, catapulting Bezos' wealth by $8.4 billion in a single day.<br />Following news of the JEDI contract cancellation on July 6, Amazon's stock rose 4.7%, catapulting Bezos' wealth by $8.4 billion in a single day
