The fixed-price indefinite delivery and quantity contract with economic price adjustment will position the company to supply orthopedic supplies to the Army, Navy, Air Force, Marine Corps and federal civilian agencies.
The contract has a 1-year base with 4 1-year option periods, and the maximum dollar amount is for the full life of the contract, according to a press release.
Earlier this month, a former Stryker sales rep appealed his nearly $750,000 loss in a lawsuit over his move to rival Biomet (now Zimmer Biomet (NYSE:ZBH)), with oral arguments starting Feb. 1.
Stryker in 2013 sued a pair of former sales agents, Christopher Ridgeway and Richard Steitzer, accusing them of scheming to poach reps and business from Stryker in Louisiana and New York. Stryker fired Ridgeway in September 2013, after discovering that he was allegedly running a pair of medical supply businesses on the side. In June of that year, Stryker alleged, Biomet began courting Ridgeway, looking to bring his entire Stryker sales teams on board. Ridgeway also allegedly induced a 3rd Stryker employee, Sheldon Green, to jump ship for Biomet and forwarded Stryker’ Louisiana customer list to Green, according to the complaint.
Ridgeway counter-sued, alleging that Stryker defamed him by falsely telling his customers that he was bound by a non-compete, costing him millions. A federal jury in the U.S. District Court for Western Michigan in February 2016 found for Stryker, awarding $745,195 in damages on 3 counts: breach of contract, breach of fiduciary duty and a trade-secrets claim. Ridgeway appealed to the U.S. Court of Appeals for the 6th Circuit, arguing that there never was a non-compete and that Stryker fabricated the non-compete document used in his district court action.
The post Stryker lands $486m DoD ortho supply contract appeared first on MassDevice.
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