Hologic Inc. (NSDQ:HOLX) won a $15 million contract from the U.S. Defense Dept. to supply radiology products to the military and federal agencies.
The Bedford, Mass.-based company will provide its radiology systems, subsystems and components to the U.S. Army, Navy, Air Force, Marine Corps and other, civilian agencies. The contract is set to close April 6, 2011.
Hologic posted first-quarter net income of $26 million on $412 million in sales, compared to a $38 million profit on $429 million in sales during the first quarter of 2009. The company blamed soft sales in its breast health business, which were off 10 percent from the comparable period a year ago, for the decline.
In February, Hologic settled a pair of patent infringement lawsuits with Ethicon Endo-Surgery, agreeing to pay $12.5 million to the Johnson & Johnson (NYSE:JNJ) subsidiary and inking a cross-licensing agreement that calls for Hologic to pay Ethicon royalties on sales of its ATEC and EVIVA products. Ethicon will pay royalties to Hologic on sales of its Mammotome MR device.