Financial

Johnson & Johnson wins 5-year, $60m supply DoD contract

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Johnson & Johnson (NYSE:JNJ)’s Health Care Systems won a $60 million 5-year contract deal with the U.S. Department of Defense to supply dental and medical equipment.

The money comes from a fixed-price, indefinite-delivery/indefinite-quantity contract with no option periods. The contract was a competitive acquisition, and J&J was 1 of 121 responses received, according to a government release.

Johnson & Johnson will supply equipment to the Army, Navy, Air Force and Marine Corps through the contract, with operations in fiscal year 2016 through fiscal year 2021, according to the release.

 

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Drue

Drue is Managing Partner for The De Angelis Group.

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