Microsoft Pops on $22 Billion U.S. Army Contract By Investing.com

By Christiana Sciaudone

Investing.com —  Microsoft (NASDAQ:MSFT) popped 3% after saying it won a U.S. Army contract worth up to almost $22 billion over 10 years, CNBC reported.

Microsoft will build more than 120,000 custom HoloLens augmented-reality headsets, which cost $3,500 each for a standard-issue version, a Microsoft spokesperson told CNBC. 

In 2018, Microsoft got a $480 million contract for prototypes of the Integrated Visual Augmented System, or IVAS, and this contract will involve providing production versions.   

Microsoft employees have protested the company developing weapons.