Microsoft’s Headset Contract with the US Army Sold Through BMO’s Acquisition Unit

Microsofts Headset Contract with the US Army Sold Through BMOs Acquisition Unit

According to a bank spokesman, a responsible investment branch of Canada’s Bank of Montreal (BMO.TO) sold approximately $275 million worth of Microsoft Corp (MSFT.O) stock due to the company’s recent U.S. Army contract for virtual reality headsets.

BMO’s responsible investment managers are concerned that Microsoft‘s $22 billion US Army contract, which was awarded in March, would transform the technology from a proof-of-concept to a battlefield-ready product beyond the scope of their investment strategies according to BMO representatives.

In an emailed comment, Jamie Jenkins, head of BMO’s Responsible Global Equities team, said the contract goes against their core investment strategy of avoiding companies with damaging business practices.

To Read More: Reuters

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