J&J Wins $63.7 Million in Pentagon Contracts and 2 Other Dow Movers to Watch

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Johnson & Johnson  (NYSE:JNJ): Current price $87.45

The Defense Department has awarded two contracts to Johnson & Johnson, worth more than $62 billion all told. One is for $42.1 million, when the Department exercises the fifth of seven possible option-year extensions on a contract through which to provide the United States Army, Air Force, Navy, Marine Corps, and federal civilian agencies with “various medical and surgical products.” The other contract, worth $21.6 million, is connected with exercising the fourth of seven possible option-year extensions on a separate contract to supply like products to the same military branches and government agencies.

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