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Salesforce Stock Loses Ground After $5.6 Billion Army Contract
Yahoo Finance· 2026-01-29 12:31
Salesforce Inc (NYSE:CRM) shares have slipped into the red after giving up earlier gains. The company had announced a major government contract win. Salesforce revealed that the U.S. Army has awarded the company a massive $5.6 billion, 10‑year Indefinite Delivery Indefinite Quantity (IDIQ) contract. The deal will be carried out through Computable Insights LLC, a wholly owned Salesforce subsidiary focusing on national security work. Under the agreement, the Army and Department of War will use Salesforce's ...