Philips Healthcare won a $77 million contract from the U.S. Dept. of Defense to provide its patient monitoring systems to the U.S. military.
The contract will see the Andover, Mass.-based unit of Royal Philips Electronics NV (NYSE:PHG) provide the systems, along with accessories, spare parts and training, to the U.S. Army, Navy, Air Force, Marine Corps and federal civilian agencies.
Last September Philips Healthcare won a $26.6 million deal from the Defense Dept.’s Philadelphia supply center to provide its HeartStart MRx defibrillators to the same cast of military and federal agencies.
Fourth-quarter sales for Philips Healthcare dropped by almost 7 percent, to $3.4 billion, compared to $3.6 billion for the same period last year. Despite slower sales, the division still reported strong bottom-line growth, posting a $452 million EBIDTA profit, compared to $343 million for the same period last year. For the full year, Philips Healthcare posted sales of about $11 billion, a nearly 3 percent uptick from the $10.7 billion it reported in 2008.
Philips shed about 6,000 jobs overall in January, 2009, with 1,255 of those coming from the healthcare division, including some from the company’s Andover facility.