Philips

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.

Remote Diagnostic Technologies, a Philips subsidiary, won a potential 10-year, $100M contract from the Defense Logistics Agency to supply patient monitoring systems to U.S. military branches and federal agencies.

William Demant signed a licensing agreement with Philips to bring Philips-branded hearing aid solutions to market, combining William Demant's hearing aid technology with Philips' brand presence.

Philips and Jackson Health System signed an 11-year agreement for Enterprise Monitoring as a Service. The agreement was announced on June 27, 2018.

Infineon and Philips won orders to supply security chips for new German passports issued from November 2005. Infineon will supply at least half of the chips to Bundesdruckerei GmbH.

Philips has agreed to acquire Electrical Geodesics for £29 million in cash, at 105.4p per share, a 36% premium. The deal is expected to close in Q3 2017.

Philips inaugurated a new factory in Varginha, Brazil, consolidating production of healthcare equipment such as X-ray, MRI, CT, and ultrasound systems. The facility will employ 450 people and export to Latin America and the Middle East.