The U.S. Dept. of Defense grants Philips 2 contracts worth a potential $63.3 million and Johnson & Johnson lands a federal defense deal worth $9.6 million. The U.S. Defense Dept. handed out 3 new healthcare contracts to Philips Healthcare (NYSE:PHG) and Johnson & Johnson (NYSE:JNJ), totaling a potential worth of nearly $73 million for medical equipment. In a contract announcement issued August 29 the DoD posted a $17.1 million contract for Philips’ biomedical equipment and maintenance for Air Force and Army facilities. Philips won contract via an online competitive bidding acquisition that featured only 1 other unnamed rival, according to the DoD report.
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