Royal Philips (NYSE:PHG) won another year on its contract with the U.S. Defense Dept. for patient monitoring devices made by its Philips Medical Systems division, the Pentagon said yesterday.
The re-up, which is worth a maximum of $77.2 million, is the 6th 1-year option on the 9-year deal, according to the Defense Dept.
The deal calls for the Andover, Mass.-based division to provide the patient monitoring systems, along with accessories, spare parts and training, to the U.S. Army, Navy, Air Force, Marine Corps and federal civilian agencies, according to the Pentagon.
Philips 1st inked the deal in March 2010.
Last September the Pentagon awarded rivals Philips and Zoll Medical separate contracts to supply “airworthy” defibrillators for use by the military and federal agencies. Both contracts are to run 5 years, with the Zoll Medical deal valued at up to $39.8 million and the Philips deal at $27.4 million.
