The Force is with Microsoft: Shares up on winning JEDI contract

Microsoft shares rise 3.4% to $145.50 premarket, after company wins the Pentagon...

FILE PHOTO: The Microsoft sign is shown on top of the Microsoft Theatre in Los Angeles, California, U.S. October 19,2018. REUTERS/Mike Blake/File Photo

Microsoft shares rise 3.4% to $145.50 premarket, after company wins the Pentagon’s $10 billion cloud computing contract. - The Joint Enterprise Defense Infrastructure Cloud contract is part of a broader digital modernization of the Pentagon meant to make it technologically more agile.- Brokerage Wedbush expects Amazon and others to challenge this decision in the courts, but ultimately this is a paradigm changer for Microsoft

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