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Pentagon Defense Contracts Order $108 Million in Medical Supplies, Software

The Department of Defense announced 51 defense contracts Monday, worth more than $2.14 billion combined. A significant number of the announced awards concerned the delivery of medical devices and supplies. Among them:

  • Abbott Laboratories (NYSE: ABT  ) was awarded the second of seven possible one-year option periods on a contract to supply various medical and surgical products to the U.S. Army, Navy, Air Force, Marine Corps, and federal civilian agencies. Valued at up to $45.3 million for just this one option year, this contract will now continue through at least Sept. 27, 2014.
  • Zimmer Holdings (NYSE: ZMH  ) was awarded the first of seven possible one-year option periods on a similar contract to supply various medical and surgical products, also to the Army, Navy, Air Force, Marine Corps, and federal civilian agencies. This contract is valued at up to $36.9 million, and it will run through at least Sept. 26, 2014.
  • Johnson & Johnson (NYSE: JNJ  ) subsidiary DePuy Orthopaedics won the second of seven one-year option periods on a contract to supply various medical and surgical products. Smaller in dollar value at just $18.9 million, J&J will be supplying the same customers, and its contract will run through at least Sept. 24, 2014.
  • Finally, a somewhat different award went to Cardinal Health (NYSE: CAH  ) . This one, worth up to $7.1 million, is for the second out of four potential option years, but it concerns not medical supplies but rather "the establishment of a license agreement for use of various software applications." Once again, though, the beneficiaries are Army, Navy, Air Force, Marine Corps, and federal civilian agencies. Completion date: Sept. 25, 2014. 

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Rich Smith
TMFDitty

As a defense writer for The Motley Fool, I focus on defense and aerospace stocks. My job? Every day of the week, I'm monitoring the news, figuring out the winners and losers, and tracking down the promising companies for you to invest in. Follow me on Twitter or Facebook for the most important developments in defense & aerospace, and other great stories.

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