Zimmer Biomet has received a $380.98 million order from the U.S. Department of Defense's Defense Logistics Agency.
Here are three key notes:
1. The five-year order includes providing Zimmer Biomet orthopedic supplies to the Army, Navy, Air Force, Marine Corps and federal civilian agencies.
2. The contract is a one-year base contract with four one-year option periods.
3. The contract is slated to be completed on April 25, 2021.