Philips says U.S. deal will enable it to ramp up ventilator production

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FILE PHOTO: Dutch technology company Philips’ logo is seen at company headquarters in Amsterdam, Netherlands, January 29, 2019. REUTERS/Eva Plevier/File Photo

AMSTERDAM (Reuters) – Dutch health technology company Philips (PHG.AS) said on Wednesday it struck a deal with the White House that will enable it to significantly ramp up its production of hospital ventilators as promised.

Philips said it would deliver the U.S. government 43,000 hospital ventilators, an essential tool for the treatment of patients struggling with the novel coronavirus disease COVID-19, throughout the rest of the year for a total sum of $647 million.

As part of

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