The U.S. Defense Dept. yesterday awarded a Johnson & Johnson (NYSE:JNJ) unit a contract for orthopedic products worth nearly $260.5 million.
The 1-year contract with Piscataway, N.J.-based Johnson & Johnson Healthcare System includes 4 1-year options; the total maximum value of the agreement covers the life of the contract including the option years, if exercised, according to the Pentagon.
The deal calls for J&J to supply orthopedic products to the Army, Navy, Air Force, Marine Corps and federal civilian agencies.
The contract is slated to expire April 27, 2022, the DoD said.
The Pentagon also said it granted a $28.3 million contract to Redmond, Wash.-based Physio-Control for “medical equipment, maintenance of medical equipment, and/or spare parts for medical equipment.” Physio-Control makes automated external defibrillators. The 5-year deal does not include any option years, according to the DoD.
The deal, slated to expire April 26, 2022, also covers the Army, Navy, Air Force, Marine Corps and federal civilian agencies.
Physio-Control beat out 126 competitors to win the contract, the Pentagon said.
The post Johnson & Johnson lands $260m Defense Dept. contract for orthopedic devices appeared first on MassDevice.
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