Salesforce Selected to Modernize U.S. Air Force Vehicle Fleet
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 hours ago
0mins
Source: seekingalpha
- Significant Contract Value: The U.S. Air Force has selected Salesforce's Missionforce unit to modernize its $13.5 billion vehicle fleet, indicating a strong trust and reliance on Salesforce's technology.
- Logistics Efficiency Improvement: By consolidating onto a single interoperable platform, Salesforce will assist the Air Force in streamlining logistics, reducing service downtime, and enhancing readiness for its global fleet of 100,000 vehicles.
- Strategic Advantage Realized: Salesforce CEO Kendall Collins noted that by leveraging Missionforce solutions, the Air Force transforms fragmented logistics operations into a strategic advantage, improving visibility for commanders and ensuring vehicles are ready when needed.
- Market Reaction Tepid: Despite the promising collaboration with the Air Force, Salesforce shares saw a modest decline in premarket trading, reflecting market caution regarding its future growth prospects.
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Analyst Views on CRM
Wall Street analysts forecast CRM stock price to rise
39 Analyst Rating
29 Buy
9 Hold
1 Sell
Moderate Buy
Current: 165.650
Low
223.00
Averages
326.40
High
405.00
Current: 165.650
Low
223.00
Averages
326.40
High
405.00
About CRM
Salesforce, Inc. is a customer relationship management (CRM) technology company. Its artificial intelligence (AI) powered Agentforce 360 Platform offers sales, service, marketing, commerce, collaboration, data management, integration, analytics, and information technology (IT) service solutions. It enables customers to build and deploy digital labor for employees and customers, leveraging autonomous AI agents across business functions. Its service offerings include Agentforce Sales, Agentforce Service, Agentforce 360 Platform, Slack and Others. The Agentforce Sales provides sales capabilities and tools built for organizations across prospecting, sales engagement, team collaboration, sales analytics and AI, sales programs, sales performance, partner management, and revenue and orders. The Agentforce Service provides field service solutions that enable companies to connect service agents, dispatchers and mobile employees through platform to schedule, dispatch and manage jobs.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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