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Stryker Earns U.S. Defense Contract

Multi-million-dollar deal will expire in a year.

According to a recent post by the U.S. Department of Defense (DOD) in the contracts section of the department’s website, the Mahwah, N.J.-based Orthopaedics division of Kalamazoo, Mich.-headquartered Stryker Corp. has been awarded a maximum contract of just under $85.5 million for orthopedic hip and knee procedural packages that, according to the DOD’s notice, “include hip and knee implants, instrumentation sets and auxiliary products.” Kits will be supplied to the Army, Navy, Air Force and Marine Corps. The allocation comes out of the 2013 fiscal year defense budget.

For fiscal 2014, the defense budget comprises a total of $49.4 billion for the DOD Unified Medical Budget to support the Military Health System (MHS). The MHS currently has 9.6 eligible beneficiaries, which include active military members and their families, military retirees and their families, dependent survivors and certain eligible reserve component members.

The contract is set to expire in August 2014.

This influx of cash adds to recent good news for Stryker. Competitor Zimmer was just ordered by a U.S. district judge to pay $228 million over a patent infringement lawsuit to the company. Read more here.

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