PASADENA, Calif.--(BUSINESS WIRE)--Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it received a contract from Bristol-Myers Squibb Company to provide construction management services for a new large-scale biologics manufacturing facility in Cruiserath, County Dublin, Ireland.
Jacobs is also providing architectural and engineering services for the facility, which is being built to produce multiple therapies for the company’s robust and growing portfolio of approved and investigational biologic medicines, and to increase Bristol-Myers Squibb’s biologics manufacturing capacity. The new facility is expected to include multiple large scale bioreactors, a purification area, as well as office and laboratory space. Bristol-Myers Squibb’s Board of Directors has approved initial funding that will support the first phase of the project, with the full cost of the facility expected to be finalized in the second half of 2015.
In making the announcement, Jacobs Group Vice President Chris Nagel stated, “We are excited to provide construction management services to Bristol-Myers Squibb, especially since our team is already mobilized and engaged in this project. The continuity and knowledge we bring, having already provided architectural and engineering services, is a tremendous benefit in bringing this project to fruition.”
The facility is estimated to be operational in 2019.
Jacobs, one of the world's largest and most diverse providers of technical professional and construction services, consistently delivers award-winning pharmaceutical and biotechnology projects worldwide.
Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management’s current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements. For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our 2014 Form 10-K, and in particular the discussions contained under Items 1 - Business, 1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations. We do not undertake to update any forward-looking statements made herein.