Picker nabs $22 million contract

Picker International continues to enjoy success in securing federal defense contracts for medical imaging equipment. The company announced this month that it won a contract worth $22 million to supply CT scanners to the Department of Defense (DOD).

Under the terms of the contract, any DOD facility or otherfederal agency that leases a CT scanner in the next three yearswill lease a Picker scanner. Picker estimates that the contracthas a potential value of over $22 million in the first year alone.Financing for the leases will be provided by Picker FinancialGroup, a joint venture between Picker and LDI of Cleveland.

Defense contracts are a lucrative revenue stream for the Cleveland-basedvendor. Earlier this year Picker won a contract worth $6.2 millionto supply DOD with x-ray equipment (SCAN 1/19/94).