The U.S. Defense Dept. last week picked up a $77.2 million option on a contract with Philips Healthcare (NYSE:PHG) for its patient monitoring devices.
It’s the 8th 1-year option on a potentially 9-year deal, according to the Pentagon. The Army, Navy, Air Force, Marine Corps and federal civilian agencies are included in the contract, with appropriation from the fiscal 2016 to the fiscal 2017 years, according to a press release.
