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DoD awards billions in contracts to Cardinal Health, Owens & Minor

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U.S. Department of Defense DoD Cardinal HealthThe U.S. Defense Dept. announced that Cardinal Health (NYSE:CAH) and Owens & Minor (NYSE:OMI) are among a number of companies set to receive contracts exceeding $1 billion.

Dublin, Ohio-based Cardinal Health was awarded a maximum of $2.25 billion in a 30-month base contract. The company has three 30-month option periods for worldwide ordering and distribution of its consumable, commercial, brand name and generic medical surgical supplies, according to a Defense Dept. release.

Cardinal Health’s fixed-price, indefinite-delivery/indefinite-quantity contract includes locations in 33 different states with a completion date of June 6, 2022. The Air Force, Army, Navy, Marine Corps, Coast Guard and federal civilian agencies are all listed as using customers.

Yesterday, Owens & Minor was awarded a maximum of $1.125 billion in a 30-month base contract with three 30-month option periods as well.

The Mechanicsville, Va.-based company is set to order and distribute medical and surgical supplies like Cardinal Health, also with 33 states as set locations.

The fixed-price, indefinite-delivery/indefinite-quantity contract is also slated to serve the Air Force, Army, Navy, Marine Corps, Coast Guard and federal civilian agencies with the same completion date as Cardinal Health.

The appropriation for both contracts is fiscal 2020 through 2023 defense working capital funds and both have contracting activity from the Defense Logistics Agency Troop Support in Philadelphia.

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