Thermo Fisher Scientific snagged a sizable equipment contract from the Department of Defense Monday. In its daily list of contract award announcements, the DoD confirmed that it has reupped a fixed-price with economic-price-adjustment supply agreement with TFS subsidiary Fisher Scientific for a fourth and final option year, ending May 3, 2014.
Fisher Scientific will serve as distributor of laboratory supplies and wares to the U.S. Army, Navy, Air Force, Marine Corps, and federal civilian agencies using the Laboratory Electronic Catalog. The maximum value of this option exercise to Fisher Scientific is $233.6 million.
The article Thermo Fisher Wins $233.6 Million Pentagon Contract originally appeared on Fool.com.
Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool recommends Thermo Fisher Scientific. 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.