General Dynamics Bags $190M Cloud Contract From USPTO

General Dynamics Corp GD business unit General Dynamics Information Technology (GDIT) has secured a five-year, $190 million contract from the United States Patent and Trademark Office (USPTO) for enterprise cloud modernization. The contract was awarded in September.
Under this contract, GDIT will deliver a scalable, hybrid multi-cloud platform to modernize USPTO's IT infrastructure.
The company will improve IT service delivery, innovate to meet future operational demands, and work with USPTO leadership to implement the agency's cloud strategy.
Price Action: GD shares closed lower by 0.27% at $201.21 on Wednesday.

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