Jacobs Bags Project Management Contract From Johns Hopkins Medicine

Johns Hopkins Medicine has selected Jacobs Engineering Group Inc 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.