Pentagon Orders $85 Million Worth of Hip and Knee Replacements

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The U.S. Department of Defense announced only eight new contracts on Wednesday, worth $211.5 million combined. Three publicly traded companies (or companies owned by such) won contracts, namely:

Stryker Corporation (NYSE: SYK  ) , winner of the biggest contract of the day — an $85.5 million contract to supply orthopedic hip and knee procedural packages (hip and knee implants, instrumentation sets, and auxiliary products) to the U.S. Army, Navy, Air Force, and Marine Corps. This contract runs through Aug. 5, 2014.

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