A trio of medical device makers collected Pentagon supply deals worth a collective $234.3 million, according to recent Defense Dept. reports.
Medtech titan Zimmer (NYSE:ZMH) landed a contract worth $65.6 million, the maximum possible extension under the company’s multi-year contract. The new deal represents the 3rd of 5 possible year-long extensions. Zimmer will provide various military and civilian agencies with orthopedic hip, knee, spine, and extremity trauma implant procedural packages, according to the DoD memo.
Pennsylvania-based Draeger landed a maximum $140 million 3rd-year modification to its own 5-year contract, according to a separate memo. Under the terms of the contract Draeger will provide the agency with anesthesia machines, monitors, ventilators and related accessories.
Altitude Technologies, which is doing business as Chinook Medical Gear Inc., won a $28.6 million 2nd-year contract out of 7 possible extensions. The Pentagon didn’t specify what technology was subject to the contract, noting only that the deal provided for "various medical and surgical products."
Medical device makers have collected hundreds of millions in DoD contracts so far this year, including a $40 million contract for FujiFilm Holdings (TSE:4901) subsidiary FujiFilm SonoSite and a $187.7 million contract for radiology systems from Toshiba Medical’s (TYO:6502) American division.