Gilead Sciences Targets $11 Bn More in US Capital Expenditures
Gilead Sciences has announced an additional $11 billion in capital and operational investments in the US to supplement an already planned spend of $21 billion in US manufacturing and R&D through 2030.
This next phase of investment will support the building of three new facilities, upgrading three existing sites to expand US manufacturing and R&D capabilities, and investing in new technology and advanced engineering initiatives. The additional $11 billion will cover:
- $4 billion allocated to capital projects, including labs and equipment;
- $5 billion dedicated to technology, operations, and R&D site activities;
- $2 billion invested in digital and advanced engineering initiatives; and
- Creation of approximately 800 new direct jobs and support for more than 2,200 indirect jobs by 2028.
Source: Gilead Sciences