GM, Ventec Land Contentious Contract to Produce Ventilators for US Government
Ventec Life Systems and General Motors Co. officially landed a deal that two weeks ago had them in hot water with the White House. The contract, which Bloomberg News reports as worth $489.4 million, lays out a timeline for the partnership to deliver 30,000 ventilators to the Department of Health and Human Services by the end of August, with at least one-fifth of those to be delivered before June 1.