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Life Tech Wins $45M Contract from US Army

NEW YORK (GenomeWeb News) – The US Army announced late on Friday that it has awarded Life Technologies a $45 million contract.

The firm-fixed-price contract is for the purchase of reagents and consumable supplies for the Army's DNA Identification Laboratory at the Armed Forces Medical Examiners System in Dover Air Force Base in Delaware. The Army said that work will be done at Life Tech's Carlsbad facility and completed around Aug. 9, 2017.

Life Tech won the bid through a solicitation on the Internet. One bid was received, the Army said.

Analyst David Ferreiro of Oppenheimer said in a research note today that the deal "highlights the resilience of [Life Tech's] CE business. Irrespective of the inevitable decline of CE utilization in the academic setting, we believe the applied CE market will remain stable for the foreseeable future."

He added that the contract also is evidence of Life Tech's efforts to diversify its end markets to rely less on the academic market, which could face deep funding cuts.