Hello, Guest!
  • Saturday, November 16, 2024

DLA Orders Abbott COVID-19 Test Kits for HHS Through $255M Contract Award

An Abbott Laboratories (NYSE: ABT) business segment has secured an approximately $255 million indefinite-delivery/indefinite-quantity contract from the Defense Logistics Agency for 50 million units of a rapid point-of-care antigen test for COVID-19.

Abbott Rapid DX North America will produce and supply its BinaxNOW COVID-19 Ag Card in support of the Department of Health and Human Services’ initial requirement for SARS-CoV-2 antigen test kits, the Department of Defense said Wednesday.

The company will conduct work in Florida and Maine, and is expected to complete deliveries under the eight-month contract by the end of October.

The contract has no option periods but has a ceiling value of $766.4 million. It will be funded by HHS’ Office of Assistant Secretary of Health.

BinaxNOW is developed to provide results within 15 minutes. Tens of millions of portable rapid tests are shipped monthly to meet requirements, according to the company.

Video of the Day

Related Articles

RTX Books $344M Standard Missile Production Contract Contract Awards

RTX Books $344M Standard Missile Production Contract

Raytheon, a subsidiary of RTX (NYSE: RTX), has received a $344 million contract to build and deliver two Standard Missile variants with a common guidance section to U.S. and international military customers. The company said Thursday it will produce the SM-2 Block IIICU and SM-6 Block IU missiles on a common production line for the

VTG Acquires Digital Transformation Services Provider Vana Solutions; John Hassoun Quoted M&A Activity

VTG Acquires Digital Transformation Services Provider Vana Solutions; John Hassoun Quoted

VTG has moved to expand its portfolio of digital transformation platforms and cloud services for defense and intelligence community customers through its acquisition of Vana Solutions. Vana Solutions is a Dayton, Ohio-based company founded by Srujal Sheth and Sunit Sheth in 2005 and is focused on delivering cloud services, advanced analytics, data fabric platforms and

Kristen McLeod Promoted to Calibre Systems EVP, CFO Executive Moves

Kristen McLeod Promoted to Calibre Systems EVP, CFO

Kristen McLeod, most recently senior vice president of finance and accounting and controller at Calibre Systems, has assumed the roles of executive VP and chief financial officer at the Alexandria, Virginia-based management consulting and digital transformation company. In this capacity, she will serve as a corporate officer and fiscal strategist and continue to offer insights