The U.S. Department of Defense announced that it issued nearly $37.5 million to 3M (NYSE:MMM) for expanded production of N95 respirators.
St. Paul, Minn.-based 3M will receive approximately $37.46 million in a firm-fixed-price modification to expand the production capacity for its N95 respirators, which have been in high demand since the beginning of the COVID-19 pandemic.
According to a DoD news release, work for the contract will be performed in Aberdeen, S.D. and is expected to be completed by April 30, 2021.
The modification to the contract brings the total cumulative face value of 3M’s contract to nearly $125.5 million, as 3M has received a number of contracts since the start of the pandemic to increase the production of its sought-after N95 respirator masks.