Amentum a Partner on Fermi National Accelerator Laboratory Contract Award
Amentum (NYSE: AMTM) has been selected as part of a consortium to manage and operate Fermi National Accelerator Laboratory. The contract was awarded to Fermi Forward Discovery Group, , led by the University of Chicago and Universities Research Association, with Amentum and Longenecker & Associates as partners. The contract has a maximum value of $5 billion for an initial five-year base period with potential extensions up to 20 years. Operations will begin January 1, 2025, following a 90-day transition starting October 1, 2024. Fermilab, located in Batavia, Illinois, focuses on particle physics research using advanced accelerators and collaborates with over 50 countries.
Amentum (NYSE: AMTM) è stata selezionata come parte di un consorzio per gestire e operare il Fermi National Accelerator Laboratory. Il contratto è stato assegnato al Fermi Forward Discovery Group, guidato dall'Università di Chicago e dalla Universities Research Association, con Amentum e Longenecker & Associates come partner. Il contratto ha un valore massimo di $5 miliardi per un periodo iniziale di base di cinque anni, con estensioni potenziali fino a 20 anni. Le operazioni avranno inizio l'1 gennaio 2025, dopo un periodo di transizione di 90 giorni che inizierà il 1 ottobre 2024. Fermilab, situato a Batavia, Illinois, si concentra sulla ricerca della fisica delle particelle utilizzando acceleratori avanzati e collabora con oltre 50 paesi.
Amentum (NYSE: AMTM) ha sido seleccionada como parte de un consorcio para gestionar y operar el Fermi National Accelerator Laboratory. El contrato fue otorgado al Fermi Forward Discovery Group, liderado por la Universidad de Chicago y la Universities Research Association, con Amentum y Longenecker & Associates como socios. El contrato tiene un valor máximo de $5 mil millones para un período base inicial de cinco años, con posibles extensiones de hasta 20 años. Las operaciones comenzarán el 1 de enero de 2025, tras un periodo de transición de 90 días que comenzará el 1 de octubre de 2024. Fermilab, ubicado en Batavia, Illinois, se centra en la investigación de la física de partículas utilizando aceleradores avanzados y colabora con más de 50 países.
Amentum (NYSE: AMTM)은 퍼미 국립 가속기 연구소를 관리하고 운영하기 위해 컨소시엄의 일원으로 선정되었습니다. 계약은 시카고 대학교와 대학 연구 협회가 이끄는 퍼미 포워드 디스커버리 그룹에 수여되었으며, Amentum과 Longenecker & Associates가 파트너로 참여합니다. 이 계약의 최대 가치는 초기 5년 동안 $50억이며, 최대 20년까지 연장될 수 있습니다. 운영은 2025년 1월 1일부터 시작되며, 2024년 10월 1일부터 시작되는 90일의 전환 기간을 거치게 됩니다. 일리노이주 바탑 비에 위치한 Fermilab은 첨단 가속기를 사용하여 입자 물리학 연구에 중점을 두고 있으며 50개국 이상과 협력하고 있습니다.
Amentum (NYSE: AMTM) a été sélectionnée comme partie d'un consortium pour gérer et exploiter le Fermi National Accelerator Laboratory. Le contrat a été attribué au Fermi Forward Discovery Group, dirigé par l'Université de Chicago et la Universities Research Association, avec Amentum et Longenecker & Associates comme partenaires. Le contrat a une valeur maximale de 5 milliards de dollars pour une période de base initiale de cinq ans, avec des extensions potentielles jusqu'à 20 ans. Les opérations commenceront le 1er janvier 2025, suivant une transition de 90 jours qui débutera le 1er octobre 2024. Fermilab, situé à Batavia, dans l'Illinois, se concentre sur la recherche en physique des particules en utilisant des accélé rateurs avancés et collabore avec plus de 50 pays.
Amentum (NYSE: AMTM) wurde als Teil eines Konsortiums ausgewählt, um das Fermi National Accelerator Laboratory zu verwalten und zu betreiben. Der Vertrag wurde an die Fermi Forward Discovery Group vergeben, die von der Universität Chicago und der Universities Research Association geleitet wird, mit Amentum und Longenecker & Associates als Partnern. Der Vertrag hat einen maximalen Wert von 5 Milliarden US-Dollar für einen anfänglichen Basiszeitraum von fünf Jahren mit möglichen Verlängerungen auf bis zu 20 Jahre. Die Operationen beginnen am 1. Januar 2025, nach einer 90-tägigen Übergangszeit, die am 1. Oktober 2024 beginnt. Fermilab, das sich in Batavia, Illinois, befindet, konzentriert sich auf die Forschungsarbeit in der Teilchenphysik mit fortschrittlichen Beschleunigern und kooperiert mit mehr als 50 Ländern.
- Contract value of $5 billion with potential 20-year duration
- Strategic partnership with major research institutions
- Expands Amentum's presence in national laboratory operations
- None.
Insights
This
The contract's structure, with Amentum as an integrated subcontractor, suggests a meaningful portion of the total contract value will flow to the company, though specific revenue allocation details aren't disclosed. This adds to Amentum's already robust portfolio of government contracts and further diversifies their revenue streams in the high-value scientific facility management sector.
The DOE Office of Science contract award demonstrates Amentum's growing influence in the federal contracting space, particularly in managing complex scientific facilities. The consortium structure, combining academic institutions (University of Chicago and Universities Research Association) with private sector expertise, follows a proven model for large-scale federal research facility management.
The January 2025 start date following a transition period provides adequate time for operational preparation. The contract's potential 20-year duration is particularly noteworthy, as it offers exceptional long-term stability and recurring revenue potential, typical of major DOE facility management contracts but increasingly rare in today's federal contracting landscape.
The contract was awarded to Fermi Forward Discovery Group, LLC, which is led by the University of
“We are excited to apply our extensive experience in managing complex scientific facilities and our dedication to safety, innovation, and operational excellence to Fermilab as it continues to push the boundaries of knowledge in particle physics,” said Mark Whitney, President of Amentum’s Energy & Environment Group. “Amentum has a proven track record of lab operations as a partner managing the Lawrence Livermore and Idaho National Laboratories for the DOE, and we look forward to providing world-class support as part of this ground-breaking research team.”
Fermilab, a 6,800-acre site located in
The contract, which has a maximum value of
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Approved for Public Release, Distribution Unlimited. Any opinions, findings and conclusions or recommendations expressed in this material are those of the author(s) and do not necessarily reflect the views of the DOE.
Forward-Looking Statements
This press release contains or incorporates by reference statements that relate to future events and expectations and, as such, constitute forward-looking statements under the securities laws, including statements regarding the Reverse Morris Trust transaction (the “transaction”), as described in the information statement filed as Exhibit 99.1 to the Current Report on Form 8-K of Amentum Holdings, Inc. (the “Company”) filed with the Securities and Exchange Commission (the “SEC”) on September 18, 2024 (the “information statement”). These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “forecast,” “outlook,” “target,” “endeavor,” “seek,” “predict,” “intend,” “strategy,” “plan,” “may,” “could,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” or the negative thereof or variations thereon or similar terminology generally intended to identify forward-looking statements. All statements, other than historical facts, including, but not limited to, statements regarding the anticipated work and revenue under the awarded contract, the expected benefits of the transaction, including future financial and operating results and strategic benefits, the tax consequences of the transaction, and the Company’s objectives, expectations and intentions, applicable legal, economic and regulatory conditions, and any assumptions underlying any of the foregoing, are forward-looking statements.
For information on identifying factors that may cause actual results to vary materially from those stated in forward-looking statements, see the discussions under the section entitled “Risk Factors” in the information statement. Any forward-looking statement speaks only as of the date on which it is made, and the Company assumes no obligation to update or revise such statement, whether as a result of new information, future events or otherwise, except as required by applicable law.
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For Amentum:
Keith Wood
+1 (803) 502-5748
keith.wood@amentum.com
Source: Amentum
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