NeuroLogica wins $12M DoD radiology contract extension

August 6, 2013 by Sony Salzman

The U.S. Defense Department hands Mass.-based device company NeuroLogica a contract extension for $12 million to cover continued development of the company’s radiological devices.

NeuroLogica

The U.S. Department of Defense awarded Danvers, Mass.-based device company NeuroLogica Corp. another year and a maximum of $12 million in a fixed-price radiological devices contract that may last as many as 7 years.

The Philadelphia, Pa.-based troop support division of the DoD contracted NeuroLogica for the 3rd extension of a contract that can be renewed a maximum of 4 more times.

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The DoD offered a the contract modification for the medical imaging device company for continued development of radiology systems and associated devices, which will be used by the Army, Navy, Air Force, Marine Corps, and federal civilian agencies.

Earlier this year, technology giant Samsung Electronics (LON:BC94) bought out the Mass.-based small business in a closed-door deal that was finalized in January.

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