by Amirah Al Idrus – April 28, 2017
The Department of Defense awarded Johnson & Johnson a contract worth up to $260.5 million to supply it with orthopedic products.
The deal will see J&J providing orthopedic products to the Army, Navy, Air Force, Marine Corps and the DOD’s federal civilian agencies, according to a statement. The one-year agreement could be extended one year at a time for another four years, the DOD said.
In the first quarter, J&J reported (PDF) $6.3 billion in medical device sales for the first quarter, with its Orthopaedics group and Surgery units leading the pack. The Orthopaedics business, which includes hips, knees, trauma and spine, reeled in $2.33 billion in sales, slightly down from the $2.34 billion reported the previous year.
