Samsung Electronics (LON:BC94) subsidiary NeuroLogica won a $250 million maximum firm-fixed-price contract to supply the US Dept. of Defense with radiology systems, accessories and training, according to a newly posted release.
The contract for the Danvers, Mass.-based subsidiary is located in Massachusetts and has a five-year base and an additional five-year option period, according to the release.
A total of 50 companies competed for the acquisition, which comes with a performance completion date of August 2, 2028. The contract will serve the US Air Force, Army, Navy, Marine Corps and federal civilian agencies, according to a DoD release.
In March, Samsung subsidiary NeuroLogica said it won FDA 510(k) clearance for its RS85A ultrasound device.