Royal Philips (NYSE:PHG) won a maximum $77 million modification through the U.S. Department of Defense as the 7th year in a possible 9-year contract for medical equipment.
The contract positions Philips to supply the DoD with patient monitoring systems, subsystems, accessories, consumables, spare or repair parts and training on the systems, and comes as a fixed-price with economic price adjustment contract.
The Army, Navy, Air Force, Marine Corps and federal civilian agencies are included in the contract, with appropriation from the fiscal 2016 to the fiscal 2017 years, according to a DoD press release.
Earlier this month, Philips said it won security compliance certification from the DoD for its digital pathology solutions, claiming it is the pathology IT system to win clearance under the DoD’s Information Assurance Certification and Accreditation Process.
With the certification, Philips said it will follow the DoD’s risk management framework to “employ industry best practices for security across all of its digital pathology solutions.”
The DoD requires all IT systems operating within its network conform to stringent security and privacy requirements, Philips said, but DIACAP certification and Authorization to Operate allows the company’s pathology platforms to be deployed across DoD sites.
The post DoD re-ups Philips contract for $77m appeared first on MassDevice.
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