Richmond, Va.-based pharmaceutical manufacturing company Phlow will lead a team comprised of Civica Rx, Ampac Fine Chemicals and the Virginia Commonwealth University’s Medicines for All Institute to produce critical medicines for COVID-19 response through a potential 10-year, $812M contract from the Biomedical Advanced Research and Developme...
Lockheed Martin (NYSE: LMT) has distributed $450M in accelerated contract payments it received from the Department of Defense to the Bethesda, Md.-based contractor's supply chain ahead of schedule. The company said Friday it also issued $85M in advance payments to small businesses and other suppliers operating throughout 46 U.S. states....
The Department of Defense has awarded 3M (NYSE: MMM) a $126M contract to increase the company's monthly production of medical-grade masks for COVID-19 response. Lt. Col. Mike Andrews, a DoD spokesman, said in a statement posted Wednesday the company will work to produce 26M N95 masks every month beginning in October....
A report by George Mason University’s Center for Government Contracting says federal agencies have been using rapid contracting procedures to speed up contract awards in response to the coronavirus pandemic. Agencies are using Federal Supply Schedules as one of the contract flexibilities under the Federal Acquisition Regulation. Government-wide co...
The Department of Defense has awarded contracts worth $133M combined to 3M (NYSE: MMM), O&M Halyward and Honeywell (NYSE: HON) to increase local production of N95 masks by over 39M in the next three months as part of the Defense Production Act Title 3 COVID-19 project....
The National Institutes of Health and three other U.S. health agencies have teamed up with the Foundation for the NIH, European Medicines Agency and 16 biopharmaceutical companies to speed up the development of vaccines and treatments for COVID-19. The Accelerating COVID-19 Therapeutic Interventions and Vaccines partnership will work to streamline c...
A team of General Electric (NYSE: GE) and Ford (NYSE: G) has been awarded a Defense Production Act contract worth potentially $336M to produce ventilators for the Department of Health and Human Services....
Seven companies have been awarded contracts worth more than $1.4B combined by the Department of Health and Human Services to supply ventilators to the Strategic National Stockpile....
The Defense Logistics Agency has ordered 60 mask decontamination units from Battelle through the award of a potential $415M contract on behalf of the Department of Health and Human Services. Lt. Col. Mike Andrews, a Pentagon spokesman, said in a statement released Monday the nonprofit company will provide systems designed to sanitize up ...
Jerry McGinn, executive director of the Center for Government Contracting at George Mason University’s School of Business, wrote in an opinion piece posted Thursday on The Hill that the Defense Production Act invoked by President Donald Trump serves as an “important tool” as the country seeks to come up with short- and medium-term responses�...
