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Toshiba Wins $214 Million Med-Equip Contract

Wednesday - 1/30/2013, 5:23am  ET

On Tuesday, the Department of Defense announced it has awarded two contracts 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.

This article was originally published as Toshiba Wins $214 Million Med-Equip Contracton Fool.com

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