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GE Scoops Up Second US Govt Contract This Week To Make Ventilators; This One’s Worth $336M

 
• By Shawn M. Schmitt

General Electric's deal, made under the Defense Production Act, is for 50,000 of the much-needed devices as the US health care system grapples with COVID-19. GE will make the vents with Ford Motor Co.

MARCH 26, 2017: General Electic brand sign. General Electric (GE), is an American corporation founded in 1892 that serves Wordwide.

General Electric Co. has scooped up a second contract this week with the US Department of Health and Human Services (HHS) to manufacture medical ventilators.

The deal, made under the Defense Production Act, will net GE $336m. The US government will get 50,000 vents in return, the HHS announced on 16 April.

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