Oracle (ORCL.US) wins a ten-year software contract from the U.S. Department of Defense, with a total value close to $7 billion.

According to Zhtng Financial News App, the US Department of Defense announced on Thursday that it has signed an enterprise software agreement with software giant Oracle (ORCL.US) for up to 10 years with a total value close to $7 billion. Boosted by this news, Oracle's stock price rose about 3% in after-hours trading.