The U.S. Defense Dept. yesterday said it exercised a 5th option year on an existing contract with Mindray (NYSE:MR), committing to up to $59.3 million on patient monitoring systems through October 2015.
Mindray beat out 8 other companies for the contract in 2009 then valued at $6 million, the Pentagon said. Last year the Defense Dept. exercised a $35.8 million option on the deal, according to a press release.
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