Arthrex outbids nearly 60 competitors to win a contract with the U.S. Defense Dept. that’s worth $255 millionArthrex won a Pentagon contract worth $255 million, beating out nearly 60 other bidders for the deal, the U.S. Defense Dept. said yesterday.
The 5-year base contract for “medical items and accessories” went through a competitive bidding process that included bids from 57 other companies, the Pentagon said.
The fixed-price deal has no option periods but is subject to economic price adjustments, according to a press release.
The contract with Naples, Fla.-based Arthrex is for Army, Navy, Air Force, Marine Corps and federal civilian agencies and is slated to expire August 28, 2019, the Defense Dept. said.