Share Prices & Company Research

Market News

27 May 2025 | 15:15

Smith & Nephew secures US DOD contract worth up to $75m

(Sharecast News) - Smith & Nephew said on Tuesday that it has been awarded a contract worth up to $75m to provide Negative Pressure Wound Therapy systems to the US Department of Defense. The company has been selected to provide its Renasys Touch Negative Pressure Wound Therapy (NPWT) Systems under a single award, 10-year contract through the Defense Logistics Agency (DLA).

It said the system will support military medical providers to administer therapy through prolonged casualty care, first surgical intervention, aeromedical transport and definitive care in military treatment facilities. Renasys Touch NPWT is manufactured in the US.

Dennis Lyons, Sr. Director Military & Federal Health for Smith & Nephew, said: "Future conflicts will be more difficult and complex. This implies medical devices and treatments will need to be simplified and more intuitive to be used farther forward by a wide range of providers.

"Renasys Touch NPWT will provide that simplified negative pressure wound therapy solution to the military care continuum for warfighters who need it most."
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new portfolio or transferring your portfolio from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.