Tiny Drugmaker Joins 3M, J&J in $7.2 Billion U.S. Virus Windfall

The federal government has awarded $7.2 billion in contracts to fight the coronavirus pandemic, including one that would pay a little-known Massachusetts biotech firm more than its reported revenue for the last three years combined.

The award to Moderna Inc. is just one example of the thousands of federal contracts awarded by the Trump administration to fight the coronavirus, according to a review of federal data compiled by Bloomberg Government. Some companies have secured nine-figure deals to supply thousands of ventilators, face masks, hospital capacity and other critical services needed to manage the outbreak.

Amsterdam-based Royal Philips NV has so ...