Pentagon Off (Oops) by Billions

Photograph by Rich Clement/Bloomberg

People walk through a newly-renovated corridor at the Pentagon in Arlington, Virginia.

The Pentagon announced on Dec. 5 that C.R. Bard Inc. won a maximum $4.67 billion, one-year deal to deliver surgical products to the military.

The award would have been a coup for Bard, representing almost twice the company’s $2.9 billion in sales in 2011.

Unfortunately, it was a typo.

The Pentagon’s Defense Logistics Agency plans to correct its announcement, said Michelle McCaskill, an agency spokeswoman. The actual value of the deal is as much as $46.7 million, she said.

“We’d love to have all of it, but that’s not the case,” Scott Lowry, a spokesman for Murray Hill, New Jersey-based C.R. Bard, said in a telephone interview. “We do have a relationship, but it’s on a much smaller scale.”

The company received less than $1 million through an existing agreement in the past year, Lowry said.

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