Microsoft just scored a huge upset over Amazon by winning the fierce battle over the $10 billion JEDI contract (MSFT, AMZN)

Microsoft was officially awarded a $10 billion cloud contract with the Pentagon on Friday — marking a big victory over Amazon, which was thought to be the frontrunner for the deal.

This contract, known as the Joint Enterprise Defense Infrastructure, or JEDI, contract, is a 10-year single-award contract to move the Department of Defense's sensitive information on to the cloud.

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