Stryker (NYSE:SYK) has been awarded a Defense Logistics Agency contract for up to 10 years and $225 million for patient monitoring and capital equipment systems and accessories.
Stryker’s San Jose, Calif.-based endoscopy business beat 51 other applicants for the contract, according to a U.S. Department of Defense announcement. The 5-year base contract has a 5-year option period.
Customers are the U.S. Army, Navy, Air Force, Marine Corps and federal civilian agencies with funding from defense working capital funds, according to the Defense Logistics Agency Troop Support, located in Philadelphia.
