A congressman who supervises the Defense Department’s tech spending dumped up to $250,000 worth of Microsoft stock two weeks before the Pentagon revealed it was canceling a $10 billion contract with the software giant, according to public documents.
US Rep. Pat Fallon, a Texas Republican who sits on a key subcommittee overseeing the Department of Defense’s technology policy, sold between $100,000 and $250,000 of Microsoft shares on June 21, government disclosures show.
Two weeks later, the Pentagon made the surprise announcement that it would cancel a $10 billion cloud computing contract — called JEDI, or Joint Enterprise Defense Infrastructure — that it had awarded to Microsoft in 2019 after the company fought a bidding war and legal battle against Amazon.
Fallon, who was elected last year to represent a northeastern district of the Lone Star State, is a member of the House’s Subcommittee on Cyber, Innovative Technologies, and Information Systems. According to the subcommittee’s site, Fallon and his colleagues have