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Thermo Fisher Scientific Awarded $94.5 Million U.S. Government Contract to Supply the Navy with Advanced Radiation Detection Systems

1. Thermo Fisher awarded a $94.5 million contract by U.S. DoD for dosimetry systems. 2. The Navy is the largest defense user of dosimetry systems globally.

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FAQ

Why Bullish?

This contract signals strong demand for TMO's products, similar to past defense contracts enhancing revenues.

How important is it?

The contract reflects TMO's expanding role in defense, aligning with its growth strategy and reputation.

Why Long Term?

The multi-year nature of the contract will positively influence TMO's revenue over several years.

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WALTHAM, Mass.--(BUSINESS WIRE)--Thermo Fisher Scientific, the world leader in serving science, today announced that it has been awarded a five-year, $94.5 million contract by the U.S. Department of Defense (DoD) to supply the Navy with a next-generation dosimetry system alongside updated radiation health and database management software. The U.S. Navy operates the world's most technologically advanced naval fleet and is the largest defense user of dosimetry systems globally. With this award, T.

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