financetom
Business
financetom
/
Business
/
Amazon Web Services to Move Australia's Intelligence Data to Cloud
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Amazon Web Services to Move Australia's Intelligence Data to Cloud
Jul 5, 2024 5:57 AM

08:37 AM EDT, 07/05/2024 (MT Newswires) -- Amazon.com's ( AMZN ) Amazon Web Services unit will move Australia's top secret intelligence data to the cloud under a deal with the Australian government worth 2 billion Australian dollars ($1.35 billion), the country's defense ministry said Thursday.

AWS will establish a sovereign top secret cloud that will allow the defense ministry and the 10 National Intelligence Community agencies to share the most sensitive information and other intelligence data, the ministry said.

The top secret cloud will "enable the seamless sharing of classified data between Australia's National Intelligence Community and the Australian Defense Force," according to AWS. The company added that it will also create new artificial intelligence capabilities for the cloud.

Defense Minister Richard Marles said in a statement that the partnership between AWS and the Australian Signals Directorate would improve the military's warfighting capacity and "strengthen interoperability with key international partners."

Prime Minister Anthony Albanese said in a statement the deal would improve national security capabilities as well as create 2,000 local jobs.

Price: 198.36, Change: +0.77, Percent Change: +0.39

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Warner Music gains rights to Bruno Mars, Adele songs through Tempo deal
Warner Music gains rights to Bruno Mars, Adele songs through Tempo deal
Feb 6, 2025
(Reuters) - Warner Music Group ( WMG ) said on Thursday it has acquired a controlling stake in Tempo Music, helping it expand its intellectual property portfolio by gaining rights for songs by artists such as Bruno Mars, Adele and Wiz Khalifa. The deal values Tempo at around $450 million, sources familiar with the matter told Reuters. Shares of the...
Calian Group Signs Over $50 Million in Defense Contracts in Fiscal Q1
Calian Group Signs Over $50 Million in Defense Contracts in Fiscal Q1
Feb 6, 2025
08:14 AM EST, 02/06/2025 (MT Newswires) -- Calian Group ( CLNFF ) said Thursday that it signed over $50 million in new and renewed multi-year defense contracts in its fiscal first quarter. Of the almost 30 contracts, half will provide operational readiness training, including one for NATO's Joint Warfare Centre, Calian said. Under the terms, Calian will serve as the...
Ralph Lauren raises annual revenue forecast on strong apparel demand
Ralph Lauren raises annual revenue forecast on strong apparel demand
Feb 6, 2025
(Reuters) - Ralph Lauren ( RL ) raised its annual revenue forecast on Thursday, betting on more younger shoppers picking up its spring collection of dresses, skinny cuffed trousers and floral dinner jackets. Shares of the apparel maker rose 8% in premarket trading. Unlike European fashion houses LVMH, Hugo Boss and Kering, Ralph Lauren ( RL ) has enjoyed strong...
Peloton Interactive's Fiscal Q2 Loss Narrows, Revenue Falls; Fiscal 2025 Revenue Guidance Updated
Peloton Interactive's Fiscal Q2 Loss Narrows, Revenue Falls; Fiscal 2025 Revenue Guidance Updated
Feb 6, 2025
08:12 AM EST, 02/06/2025 (MT Newswires) -- Peloton Interactive ( PTON ) reported a fiscal Q2 loss Thursday of $0.24 per diluted share, narrower than a loss of $0.54 a year earlier. Analysts polled by FactSet expected a loss of $0.20. Revenue for the quarter ended Dec. 31 was $673.9 million, down from $743.6 million a year earlier. Analysts surveyed...
Copyright 2023-2026 - www.financetom.com All Rights Reserved