Petnet Solutions, Inc.
Knoxville, TN Part of Siemens Medical Solutions Usa, Inc.
- UEI
- Z63RLN31BEE5
- CAGE
- 1TQ01
- Primary NAICS
- 325412 Pharmaceutical Preparation Manufacturing
- SAM.gov registration
- Active through
Company facts
- FY2025 rankings
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Its parent company, Siemens Corporation, ranks:
- Self-certified in SAM.gov
- Entity structure
- Corporate Entity (Not Tax Exempt)
- Corporate family
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Parent
Siemens Medical Solutions Usa, Inc. · Malvern, PA
KFMJVLKNLZ75
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Parent
Siemens Medical Solutions Usa, Inc. · Malvern, PA
KFMJVLKNLZ75
- SAM.gov registration date
- Physical address
- 810 Innovation Dr, Knoxville, TN 37932, USA
- Website
- siemens-healthineers.com
- Founded
- 2017
- Employees
- 50K-100K
- Estimated annual revenue
- $10B+
- Industry
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- Health Care
- Pharmaceuticals, Biotechnology & Life Sciences
- Pharmaceuticals
- SIC code
- 28 Chemical & Allied Products
- Profiles
Registration and certifications come from SAM.gov and the SBA; company details from public web sources. Updated .
Contract obligations by fiscal year
| Fiscal year | Obligated |
|---|---|
| FY2027 To date | $335,873 |
| FY2026 | $7,462,716 |
| FY2025 | $4,262,289 |
| FY2024 | $3,630,623 |
| FY2023 | $1,000,563 |
Top agencies by obligations
| Rank | Agency | Obligated, FY2026–FY2027 | Share |
|---|---|---|---|
| 1 | Department of Veterans Affairs | $6,760,177 | |
| 2 | Defense Health Agency | $758,567 | |
| 3 | Department of Justice | $279,845 |
Contract awards
| Award | Agency | Obligated | Awarded |
|---|---|---|---|
| Radiopharm | Veterans Integrated Service Network 9 (VHA) | $335,873 | |
| Petnet: isotopes for pet scans | Federal Correctional Complex Butner (BOP) | $0 | |
| Posluma | Veterans Integrated Service Network 16 (VHA) | $738,369 | |
| Pet radiopharmaceuticals | Veterans Integrated Service Network 7 (VHA) | $1,575,677 | |
| Posluma | Veterans Integrated Service Network 17 (VHA) | $40,573 |
Latest 5 listed here. See the rest on GovTribe.
Similar vendors
| Vendor | Location | Primary NAICS |
|---|---|---|
| Lantheus Medical Imaging, Inc. | Bedford, MA | 325412 Pharmaceutical Preparation Manufacturing |
| GE Healthcare | Arlington Heights, IL | 325412 Pharmaceutical Preparation Manufacturing |
| GE Healthcare Inc. | Arlington Heights, IL | 325412 Pharmaceutical Preparation Manufacturing |
| Sun Pharmaceutical Industries, Inc. | Princeton, NJ | 325412 Pharmaceutical Preparation Manufacturing |
| RLS (USA) Inc. | Lake Mary, FL | 325412 Pharmaceutical Preparation Manufacturing |
About the company
Petnet Solutions, Inc., a foreign-owned subsidiary of Siemens Aktiengesellschaft headquartered in Knoxville, Tennessee, manufactures and supplies specialized diagnostic radiopharmaceuticals to federal healthcare agencies as a prime contractor with no reported subcontract activity. The company is a for-profit manufacturer of goods operating on a full-and-open, non-set-aside basis across its federal portfolio.
Petnet's federal work centers on positron emission tomography and computed tomography diagnostic imaging agents. The company manufactures branded products—fluorodeoxyglucose (FDG), Axumin (fluciclovine F-18), Amyvid (florbetapir F-18), Posluma (flotufolastat F-18), and Tauvid (flortaucipir F-18)—for cancer, neurological, and cardiac imaging across the Department of Veterans Affairs, Defense Health Agency, and Federal Bureau of Prisons. Representative recent awards include a $9.8 million purchase order from Veterans Integrated Service Network 7 for PET radiopharmaceutical supply through August 2031, a $1.8 million Blanket Purchase Agreement call from Veterans Integrated Service Network 23 (Minneapolis VA Health Care System) issued October 2025, and a $518.8 million delivery order (reported as $518,780.30) from VISN 6 for radiopharmaceutical supplies through February 2027.
Customer concentration clusters heavily within the Veterans Health Administration. The top five customer agencies account for 45 percent of awards by count and the same proportion by potential value. Veterans Integrated Service Network 15 leads by award count (101 awards, $5.7 million combined potential value), while VISN 10 leads by dollar magnitude (34 awards, $15.9 million combined potential value). The Defense Health Agency contributes 25 awards valued at $14.4 million. The spread across 31 distinct federal agencies reflects demand for radiopharmaceutical supply from medical imaging operations at VA regional networks and military treatment facilities nationwide.
Petnet holds single-award indefinite delivery contracts and blanket purchase agreements across nine separate VA Veterans Integrated Service Networks and the Defense Health Agency. The largest IDV vehicles include a $3.7 million ceiling contract with VISN 16 awarded September 2026 for Posluma supply through September 2031, a $3.8 million BPA with VISN 23 (Minneapolis) established October 2025 through September 2027, a $2.7 million IDC with VISN 6 awarded March 2024 through February 2029, and a $2.0 million IDC with VISN 21 awarded October 2023 through September 2028. A five-year BPA with the Defense Health Agency at Wright-Patterson Air Force Base carries a $623,520 ceiling through March 2029. Recent task orders and delivery orders flow steadily from these vehicles—Petnet issued 59 calls under Blanket Purchase Agreement 36C25518A0018 and multiple calls under each regional VA IDC in the past two fiscal years.
Activity has remained steady year over year, averaging 17–26 awards annually from 2022 through 2026. Thirteen awards (combined potential value $4.1 million) reach ultimate completion within the next twenty-four months and therefore face recompete risk. The combined potential value of Petnet's recent federal portfolio stands at $165.5 million, with $64 million obligated to date (39 percent).
Service Contract Inventory reports are sparse: SCI captures 9 records across fiscal years 2022–2025, split between prime and subcontractor roles. SCI-reported invoiced revenue on prime contracts is zero across the period; the company shows negligible FTE footprint in SCI data (0.5 FTEs in FY2025 across 1 prime and 2 sub records). SCI is a partial view excluding goods and products—Petnet's federal revenue is substantially larger and derives principally from firm fixed-price purchase orders and delivery orders for manufactured radiopharmaceuticals rather than labor-hour service contracts captured in SCI. Petnet competes entirely as a prime and operates as a pure manufacturer without subcontractor engagement on its federal radiopharmaceutical contracts.
Quick answers
Is Petnet Solutions, Inc. registered in SAM.gov?
Yes. Petnet Solutions, Inc.'s SAM.gov registration is active through October 20, 2027.
How much has Petnet Solutions, Inc. received in federal contracts?
Federal contracts obligated $4,262,289 to Petnet Solutions, Inc. in fiscal year 2025 and $16,692,064 in fiscal years 2023 through 2027.
How does Petnet Solutions, Inc. rank among federal contractors?
Petnet Solutions, Inc.'s parent company, Siemens Corporation, ranked #14 in PSC 3650, #15 in PSC 65 and #28 at the Department of Veterans Affairs in FY2025.
What is Petnet Solutions, Inc.'s most recent federal award?
Petnet Solutions, Inc.'s most recent federal contract award is Radiopharm (36C24927N0069), from Veterans Integrated Service Network 9 (VHA), on October 1, 2026.
On GovTribe
See Petnet Solutions, Inc.'s full federal record
- Federal contract awards
- IDV awards
- Funding analysis by agency, NAICS and set-aside
- Similar vendors