Carlyle (CG) and KKR (KKR) to build two data centres for US Army, FT reports; each is said to have a cost of around USD 2bln

Carlyle and KKR's joint venture to develop data centers for the US Army signifies a substantial infrastructure investment and diversification into government contracts, which can stabilize revenue for both firms. The cost implication of around $2 billion each strengthens their financial position while also indicating a broader trend of rising demand for secure data facilities. Market confidence in defense-related projects typically reflects positively on associated equities, particularly in the infrastructure and technology sectors.