JACOBS ENGINEERING GROUP INC.

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Delayed Nyse  -  04:04 2022-08-16 pm EDT
134.21 USD   +0.53%
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Jacobs Engineering : Chosen by Spark Therapeutics to Build Gene Therapy Innovation Center

06/16/2022 | 12:13pm EDT

Jacobs was awarded an engineering, procurement and construction management contract with Spark Therapeutics, Inc. (Spark) to build its Gene Therapy Innovation Center in the University City area of West Philadelphia. When complete, the multi-story facility will serve as a global center of excellence for gene therapy manufacturing and advance the science of gene therapy.

According to Spark, the first phase of the project includes an initial investment of $575 million, and the anticipated 500,000 square foot facility nearly doubles the company's physical footprint in Philadelphia. The facility is estimated to be completed in 2026.

"Our goal is to build an innovative facility that supports Spark's mission to drive science forward," says Jacobs Advanced Facilities Senior Vice President Koti Vadlamudi. "It will also be the first gene therapy manufacturing facility of its size in Philadelphia. We stand ready to support Spark's vision of a world where no life is limited by genetic disease."

Jacobs has provided solutions for more than 30 clients in the cell and gene therapy market on projects involving full-scale launch and production facilities with multiple modalities.

Disclaimer

Jacobs Engineering Group Inc. published this content on 16 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 June 2022 16:12:03 UTC.


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Financials (USD)
Sales 2022 14 944 M - -
Net income 2022 619 M - -
Net Debt 2022 2 172 M - -
P/E ratio 2022 27,6x
Yield 2022 0,69%
Capitalization 17 035 M 17 035 M -
EV / Sales 2022 1,29x
EV / Sales 2023 1,17x
Nbr of Employees 52 000
Free-Float 99,1%
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Number of Analysts 17
Last Close Price 133,50 $
Average target price 154,47 $
Spread / Average Target 15,7%
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Steven J. Demetriou Chairman & Chief Executive Officer
Kevin Christopher Berryman Co-President & Chief Financial Officer
Robert Venkat Pragada Co-President & Chief Operating Officer
Madhuri A. Andrews Chief Digital & Information Officer, Senior VP
Joanne E. Caruso Executive VP, Chief Legal & Administrative Officer
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