Israel Announces Over $1B Cloud Deal with Amazon, Google: Reuters

The Israel government has signed over $1 billion public sector and military cloud service deal with Amazon.com Inc's AMZN Amazon Web Services (AWS) and Alphabet Inc's GOOG GOOGL Google, Reuters reports.
Last month, AWS and Google beat Microsoft Corp MSFT, Oracle Corp ORCL, and International Business Machines Corp IBM in the four-phase project "Nimbus."
Nimbus is a multi-year project for providing cloud services to the government, the defense system, and other economic groups.
Google and Amazon have pledged reciprocal purchases and industrial cooperation in Israel equivalent to 20% of the contract value.
Multiple local suppliers will be chosen to support government system migration to the cloud and the cloud environment system development under an impending tender process.
Price action: AMZN shares traded higher by 1.41% at $3,248, and GOOG shares traded higher by 2.72% at $2,408.93 on the last check Monday.