Pegasystems Secures $419 Million U.S. Army Software and Support Contract
Pegasystems (PEGA) has been awarded an Indefinite Delivery, Indefinite Quantity (IDIQ) contract valued at $419 million by the U.S. Army Contracting Command. The agreement covers commercial software subscriptions, technical support, and outcome-based professional services. The long-term contract is scheduled to run through October 28, 2036, with specific work locations and funding amounts to be determined as individual orders are issued. This significant government contract provides a multi-year revenue stream for the company's software suite.
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Topics: earnings miss government contract revenue miss US Army contract