IBM Secures $112M Contract with Department of War
Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly.TARIFF REFUNDS:Bausch + Lomb, L'Oreal, and Dyson are suing for refunds of tariffs paid under President Donald Trump's emergency trade measures, days after the U.S. Supreme Court ruled the duties unlawful, Arriana McLymore of Reuters. More than 1,400 importers including Costcoand Goodyearhave already sued, court documents show, and trade lawyers expect a wave of additional lawsuits as companies try to recover billions of dollars in duties. FedExalso filed a complaint this week.CITIZENSHIP INFO:President Trump's administration is weighing a possible executive order or other action that would require banks to collect citizenship information from customers in "a new front in the administration's crackdown on immigrants living in the U.S. illegally," according to's Dylan Tokar and Natalie Andrews, citing people familiar with the matter. Ultimately, banks may be tasked with asking for an unprecedented new category of documents, such as a passport, from both new and pre-existing customers who want to maintain a U.S. bank account, the report stated. Publicly traded large cap banks include Bank of America, Citi, Goldman Sachs, JPMorgan, Morgan Stanley, U.S. Bancorpand Wells Fargo.DOW CONTRACT:IBMhas secured a contract with a ceiling value of $112M for up to five years from the Department of War's, or DoW, Defense Commissary Agency, or DeCA, to modernize pricing displays across commissaries worldwide, aimed to enhance operational efficiency and improve the shopping experience for military personnel and their families. This investment represents a step in advancing digital retail infrastructure for the DoW. Under the agreement, IBM will upgrade the existing Electronic Shelf Label system at 177 U.S. commissaries and install new systems at 58 overseas locations in 12 countries. Additional expected benefits of the new ESL system include: Accurate pricing and availability: Enables real-time price updates and enhanced product availability for military personnel and their families; Operational efficiency: Streamlines processes to reduce manual labor, aligning with the DoW's digital transformation goals. As part of the contract, IBM will provide hardware maintenance, software licenses, security, vulnerability mitigation, training, and ongoing support for existing ESL infrastructure - including proprietary Pricer ESL software and hardware, third-party components such as Windows operating systems, and the web-based ordering platform integrated within DeCA's environment. Overseas installations are scheduled to begin in early 2026.
