Siemens Medical wins $4B DoD radiology supply contract

Siemens (NYSE:SI) Healthineers healthcare division won a maximum $4 billion contract with the US Department of Defense, according to a DoD release.

The 5-year deal is a firm-fixed-price, indefinite delivery and indefinite quantity contract for radiology systems, as well as accessories and training for such devices, according to the release.

Through the contract, Siemens will provide radiology equipment and services to the Army, Navy, Air Force, Marine Corps and other federal civilian agencies.

Siemens won out over 27 different applications, according to the DoD. The contract has a completion date of March 27, 2022.

Last month, Siemens was reported to be mulling the idea of a US initial public offering for its Healthineers healthcare business, according to a German newspaper which spoke to its chief exec.

The healthcare business, which Siemens rebranded last year to worldwide scorn, is the company’s most profitable unit with an estimated enterprise value of roughly €36 billion to €37 billion ($39 billion to $40 billion).

While the possibility of a US IPO is being considered, it’s not certain yet, CEO Joe Kaeser told Euro am Sonntag.

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