Johnson Outdoors Inc. shares rise 2.40% intraday after Johnson & Johnson's $2 billion US manufacturing investment.
ByAinvest
Friday, Aug 22, 2025 10:05 am ET1min read
JOUT--
Johnson Outdoors Inc. rose 2.40% in intraday trading, with the company's recent news events indicating a strong commitment to US manufacturing. Johnson & Johnson has signed a ten-year deal worth $2 billion with Fujifilm Biotechnologies to increase its US manufacturing activity, which is expected to generate around 120 new jobs. This move aligns with the company's long-term commitment to US manufacturing and comes amid rising US tariff-related pressures. Additionally, Johnson & Johnson announced plans to expand its presence in North Carolina with a 160,000+ square foot dedicated manufacturing facility, further reinforcing its leadership in delivering pharmaceutical drug delivery services.
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