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. 

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