The United States Department of Defense awarded nearly $1.1 billion worth of contracts to 3 medical device firms.
The big winner was Cardinal Health (NYSE:CAH), as the government extended its 20-month firm-fixed-price, indefinite-delivery/indefinite-quantity contract for another 20 months. The agreement is for “prime vendor medical and surgical supplies,” according to the DoD report.
Tyco Healthcare, a subsidiary of Tyco International (NYSE:TYC), won a 2nd year, $42.2 million option of its deal to provide various medical and surgical products. CareFusion (NYSE:CFN) won a 5 year deal, $23.4 million deal for “ventilators and accessories,” according to the memo.