C3.ai Secures $500 Million Defense Department Contract

By Benzinga
Benzinga
Benzinga
December 11, 2021 Updated: December 11, 2021

Enterprise AI software company C3.ai established a new five-year Production-Other Transaction Agreement worth $500 million with the Department of Defense (DoD).

The agreement allows for an accelerated timeline to acquire C3 AI’s suite of Enterprise AI products. It enables any DoD agency to acquire C3 AI products and services for modeling and simulation.

“The new Agreement has a DoD-wide scope, accelerating research projects in simulation and modeling and production deployments for operations and sustainment,” said CEO Thomas M. Siebel.

The deal accelerates the adoption of the C3 AI Suite and C3 AI defense and intelligence applications like those currently in use at the U.S. Air Force, Space Command, RSO, F35 JPO, DISA, and others.

Benzinga