IBM shares surged over 3% after the company secured an indefinite-delivery contract to support the Missile Defense Agency’s Scalable Homeland Innovative Enterprise Layered Defense (SHIELD) program.
- Shares were trading at $298.94 following the announcement on February 6th.
- This contract win emphasizes IBM's critical role in government and mission-critical enterprise infrastructure.
- The news provided a strong company-specific boost, reversing recent downward pressure related to valuation concerns.