3M lands $126M Pentagon contract for coronavirus face masks

3M is agreeing to produce 26 million face masks per month for the Pentagon

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(Reuters) - The U.S. Department of Defense said on Wednesday it has signed a $126 million contract with industrial conglomerate 3M Co to produce 26 million face masks per month, starting October 2020.

3M is expected to increase N95 face masks production by at least 312 million annually within the next twelve months, the department said.

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TickerSecurityLastChangeChange %
MMM3M COMPANY157.64+2.06+1.32%

(Reporting by Ankit Ajmera in Bengaluru; Editing by Vinay Dwivedi)

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