On Tuesday, the Department of Defense announced it has awarded twocontracts worth a combined $225.8 million for the supply of radiology systems, subsystems, and components to the U.S. Army, Navy, Air Force, Marine Corps, and federal civilian agencies.
The first contract, for $211 million, goes to Toshiba America Medical Systems and extends an existing fixed-price contract with economic-price-adjustment into a fourth "optioned" year. This contract will be performed in fiscal years 2013 and 2014.
The second contract, for $11.8 million, goes to Toshiba subsidiary Vital Images of Minnetonka, Minn. Also an option-extension, this contract adds a second year to a previously issued fixed-price-with-economic-price-adjustment contract, and it, too, will be performed in fiscal years 2013 and 2014.
The article Toshiba Wins $214 Million Med-Equip Contract originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.