Amentum Holdings Inc Stock Price, News & Analysis

Amentum (NYSE: AMTM) has successfully completed the sale of its Rapid Solutions product business to Lockheed Martin (NYSE: LMT) for $360 million in an all-cash transaction. The strategic divestiture aligns with Amentum's focus on becoming a pure-play provider of technology-enabled solutions while strengthening its financial position and flexibility.

Amentum (NYSE: AMTM) has secured a major contract as part of Nuclear Laboratory Partners of Canada (NLPC) to manage and operate Canadian Nuclear Laboratories (CNL). The contract, awarded by Atomic Energy of Canada Limited (AECL), is valued at approximately CAD$1.2 billion annually. The BWXT-led joint venture includes Amentum, Kinectrics, and Battelle, with a six-year base period and potential extensions up to 20 years based on performance. The partnership will focus on advancing nuclear science, technology, and innovation across Canada, with Amentum providing comprehensive nuclear operational solutions, research and development, and technical expertise. The transition is set to begin in summer 2025.

Amentum (NYSE: AMTM) reported its Q2 FY2025 results with revenues of $3.5 billion, showing 1% growth on a pro forma basis. The company achieved net income of $4 million and Adjusted EBITDA of $268 million. Key financial metrics include diluted EPS of $0.02, adjusted diluted EPS of $0.53, and operating cash flow of $57 million. The company maintains a strong backlog of $45 billion with a 1.0x YTD book-to-bill ratio. Notable achievements include securing over $1 billion in intelligence contracts and being selected for the Sizewell C nuclear power station project. Amentum also announced the planned divestiture of its Rapid Solutions business for $360 million. The company reaffirmed its FY2025 guidance with projected revenues of $13.85-14.15 billion and adjusted EBITDA of $1.065-1.095 billion.

Jacobs Solutions (NYSE: J) reported its Q2 2025 financial results with mixed performance. Gross revenue grew 2.2% year-over-year to $2.9 billion, while adjusted net revenue increased 3.1%. The company's backlog reached $22.2 billion, up 20% year-over-year, with a Q2 book-to-bill ratio of 1.1x. GAAP net earnings were $11.2 million, with EPS of $0.10, while adjusted EPS was $1.43. Performance was impacted by a reserve following an interim ruling against a consolidated JV and $109.5 million in mark-to-market losses on Amentum investment. The company demonstrated strong shareholder returns, repurchasing $351 million of shares in Q2 and $552 million in H1 2025. Jacobs reaffirmed its FY 2025 guidance, expecting mid-to-high single-digit adjusted net revenue growth and adjusted EPS of $5.85-$6.20.

Jacobs (NYSE: J) has announced a special dividend distribution of 7,299,065 shares of Amentum (NYSE: AMTM) common stock to its shareholders. The distribution follows the September 2024 Reverse Morris Trust transaction where Jacobs' Critical Mission Solutions and parts of Divergent Solutions merged with Amentum.

Key details:

• Record date: May 16, 2025
• Distribution date: May 30, 2025
• Ex-dividend date: May 16, 2025

The final distribution ratio will be calculated by dividing the Amentum shares by outstanding Jacobs shares on the record date. No fractional shares will be distributed; instead, they will be sold in the public market with net proceeds distributed to eligible shareholders. After this distribution, Jacobs will no longer own any Amentum shares. Shareholders will receive book-entry statements or brokerage account credits reflecting their new Amentum stock ownership.

Amentum (NYSE: AMTM) has announced an agreement to sell its Rapid Solutions hardware and product business to Lockheed Martin (NYSE: LMT) for $360 million in cash. The transaction is expected to close in the second half of 2025 and generate approximately $325 million in after-tax proceeds.

Rapid Solutions, representing about 1% of Amentum's annual Revenue and Adjusted EBITDA, manufactures ISR, advanced communications, and tactical systems for national security missions. The divestiture will strengthen Amentum's position as a pure-play provider of technology-enabled solutions and support its debt reduction goals. Approximately 230 employees will transition to Lockheed Martin upon closing.

Amentum (NYSE: AMTM) has been awarded a $247.6 million contract from the U.S. Department of Defense Air Combat Command for counter-threat finance operations. The contract, spanning 96 months with a 4-month transition period, focuses on combating transnational organized crime, counter-drug, and counter-terrorism missions.

Under this agreement, Amentum will deploy AI/Machine Learning-enabled tools and advanced analytical techniques to disrupt illegal financial networks supporting criminal and terrorist organizations. The primary focus will be on disrupting synthetic opioid supply chains and associated money laundering activities.

The contract is part of the Counternarcotics and Global Threats Multi-Award IDIQ, Operations and Logistics Pool, demonstrating DOD's continued confidence in Amentum's expertise.

Jacobs (NYSE:J) has received the final post-closing adjustments from the Critical Mission Solutions (CMS) Separation Transaction, consisting of $70 million in cash and 7,299,065 shares of Amentum Holdings (NYSE: AMTM) common stock. The cash portion has been used to reduce Jacobs' outstanding debt.

The Amentum shares, representing 3% of Amentum's outstanding shares at the transaction closing, are planned to be distributed pro rata to Jacobs' shareholders, pending Board approval. This distribution will occur on a yet-to-be-determined record date. This adjustment determination marks the completion of the CMS Separation Transaction, with only transition services and post-closing assistance remaining.

Amentum (NYSE: AMTM), a global leader in advanced engineering and innovative technology solutions, has scheduled its second quarter fiscal year 2025 earnings conference call for May 7, 2025 at 8:30 AM EDT. The company will release its financial results for the quarter ending March 28, 2025 before the call.

The conference call will be accessible to the public via webcast through Amentum's Investor Relations Website. Following the call, investors can access a replay of the conference call, earnings release, presentation slides, and supplemental financial disclosures through the same platform.