The U.S. Department of Defense has named Remote Diagnostic Technologies as one of several device companies eligible to participate in a $100 million contract for patient monitoring systems, accessories and training.
The five-year base contract comes with an option for a five-year extension, according to the DoD. Customers will be the U.S. Army, Navy, Air Force, Marine Corps and federal civilian agencies.
Remote Diagnostic Technologies (Huntsville, Ala.) joins 35 other applicants for the contract, which is funded by defense working capital, according to the DoD. Royal Philips (NYSE:PHG) acquired the company in June 2018.
Correction: This story initially identified Remote Diagnostic Technologies as the sole contract winner.
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