GM and Philips awarded $1.1B U.S. government ventilator contracts

The U.S. Department of Health and Human Services awarded General Motors and Philips a total of $1.1 billion to supply 73,000 ventilators under the Defense Production Act. Philips will receive about $647 million for 43,000 ventilators, and GM will receive the remainder for 30,000 ventilators.

“The government is set to pay General Motors and Philips a total of $1.1 billion for 73,000 ventilators under the Defense Production Act invoked by President Donald Trump.”medtechdive.com

• 1 source
• medtechdive.comGM, Philips land $1.1B in HHS ventilator contracts, Medtronic boosts production | MedTech DiveNick Paul TaylorApr 9, 2020

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