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Benzinga
Benzinga
Business
Akanksha Bakshi

Jacobs Bags Project Management Contract From Johns Hopkins Medicine

Johns Hopkins Medicine Baltimore Jacobs Engineering Group Inc Maryland NYSE
  • Johns Hopkins Medicine has selected Jacobs Engineering Group Inc (NYSE:J) to provide project management services to redevelop laboratory space on its medical campus in Baltimore, Maryland. Financial terms were not disclosed.
  • Plans are to renovate Johns Hopkins Hospital's existing Children's Medical and Surgical Center (CMSC) and construct a new 12-story North Tower addition.
  • The contract includes project management services for 531,609 square feet of renovations and additions for the CMSC North Tower project, replacement of the existing façade, construction of research laboratories, and a new entrance to The Johns Hopkins Hospital from Monument Street.
  • Price Action: J shares are trading higher by 0.34% at $130.05 on the last check Wednesday.
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