Philips Healthcare (NYSE:PHG) landed a $9.6 million time-and-materials contract from Uncle Sam for its HeartStart MRx monitor and defibrillator.
The portable device received airworthiness certification by the U.S. Army before the contract was awarded.
The deal, which will also see Philips provide logistical support to humanitarian and relief efforts, has the potential to generate more than $29 million in revenues, according to the company.
"The agreement establishes a long-term program between the DoD and Philips to provide sustainment material to meet the Military Services’ requirements in times of contingency operations," Philips execs said in prepared remarks.
The contract has an estimated completion date set for September 2016.
Last year, Philips won a $10 million contract with the Defense Logistics Agency for DIN PACs – digital imaging network picture archiving and communications systems.