Owens & Minor (NYSE:OMI) landed $547.2 million worth of U.S. Dept. of Defense contracts, the federal agency revealed.
The two-year contracts representing $442.6 million, $68.4 million and $36.2 million are for medical surgical supplies and services for every branch of the armed forces, plus "federal civilian agencies and other non-DOD agencies." Each contract is set to be completed April 19, 2012.
For each one of the three proposals solicited by the Pentagon, the Mechanicsville, Va.-based surgical equipment maker submitted the only response, according to the Defense Dept.
Owens & Minor is no stranger to Washington. The company spent more than $150,000 lobbying legislators and federal agencies in the six months leading up to the end of its 2010 first quarter.
For its second quarter 2010, Owens & Minor in July reported net earnings of $29.5 million, or 46 cents per diluted share, on revenue of $2.02 billion. That compares with net earnings of $23.6 million, or 38 cents per diluted share, on sales of $2.01 billion during the during the three months ending June 30 last year.
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