  Recently, Kapustin, Willett and Yaakov have found, by using localization
techniques, that vacuum expectation values of Wilson loops in ABJM theory can
be calculated with a matrix model. We show that this matrix model is closely
related to Chern-Simons theory on a lens space with a gauge supergroup. This
theory has a topological string large N dual, and this makes possible to solve
the matrix model exactly in the large N expansion. In particular, we find the
exact expression for the vacuum expectation value of a 1/6 BPS Wilson loop in
the ABJM theory, as a function of the 't Hooft parameters, and in the planar
limit. This expression gives an exact interpolating function between the weak
and the strong coupling regimes. The behavior at strong coupling is in precise
agreement with the prediction of the AdS string dual. We also give explicit
results for the 1/2 BPS Wilson loop recently constructed by Drukker and
Trancanelli
