AptarGroup (ATR) said Tuesday it received a contract from the US Federal Government to advance the development of its ActivShield technology, which sterilizes medical devices and instruments without the need for a power source.

The contract is for five years and is valued at about $4.8 million, according to the company.

Shares of AptarGroup were up 1.2% in recent after-hours activity.

Price: 167.87, Change: +2.06, Percent Change: +1.24