GM, Philips to supply 73,000 U.S. ventilators in $1.1 billion effort

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GM, Philips to supply 73,000 U.S. ventilators in $1.1 billion effort
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The U.S. Health and Human Services Department (HHS) on Wednesday awarded two contracts worth more than $1 billion to make ventilators needed to treat severely sick coronavirus patients and plans to announce five additional contracts later this week. HHS awarded automaker General Motors Co a contract

WASHINGTON - The U.S. Health and Human Services Department on Wednesday awarded two contracts worth more than $1 billion to make ventilators needed to treat severely sick coronavirus patients and plans to announce five additional contracts later this week.

GM will work with Ventec Life Systems to deliver the 30,000 ventilators under the contract to the U.S. government by the end of August, with deliveries of the first 6,132 machines to occur by June 1. GM is set to begin production in Indiana next week. Trump said the order would help the firms"overcome obstacles in the supply chain that threaten the rapid production of ventilators."

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