Pentagon Extends Hologic Contract Worth $94 Million

Bedford, Mass.-based Hologic (NASDAQ: HOLX  ) won a $94.2 million fixed-price with economic-price-adjustment contract from the Department of Defense on Wednesday.

The award, which "modifies" a pre-existing contract by exercising the fourth of seven one-year-long option years attached to the base period for performance, calls on Hologic to supply the U.S. Army, Navy, Air Force, Marine Corps, and federal civilian agencies with an unspecified number of radiology systems, subsystems, and components.

Hologic will supply the ordered items by the April 6, 2014, performance completion date. After that, the Pentagon will have the option of extending the contract further -- presumably through sometime in April 2017, in further one-year increments. 


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2345510, ~/Articles/ArticleHandler.aspx, 9/21/2014 8:11:34 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Apple's next smart device (warning, it may shock you

Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. But the secret is out. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early-in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here!


Advertisement