Amazon.com(NASDAQ:AMZN) may have landed a big win for itself, as unconfirmed reports coming from federal IT blog FCW are announcing that the CIA has agreed to a cloud computing agreement with Amazon, worth up to $600 million over the next 10 years. In the following video, Motley Fool consumer-goods analyst Blake Bos tells investors what this contract means in the broader perspective of Amazon's entire sales portfolio, what it means for Amazon in the cloud computing space as a whole, and who the competitors are here that could be a threat.
Blake Bos owns shares of Microsoft. The Motley Fool recommends Amazon.com and Google and owns shares of Amazon.com, Google, and Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.