Amentum Awarded $490M Contract to Modernize U.S. Navy’s Multi-Engine Training Aircraft Fleet
Amentum (NYSE: AMTM) has secured a $490 million contract from the U.S. Navy to provide comprehensive contractor logistics support for the T-54A Multi Engine Training System (METS). The contract aims to modernize the Navy's training aircraft fleet, replacing the aging T-44C aircraft. The METS program will support pilot training for Navy, Marine Corps, Coast Guard, and allied forces through 2055, facilitating transitions to advanced aircraft like the V-22 Osprey and P-8 Poseidon. The contract includes a one-year base period with four one-year options, with operations based at Naval Air Station Corpus Christi, Texas.
Amentum (NYSE: AMTM) ha ottenuto un contratto di 490 milioni di dollari dalla Marina degli Stati Uniti per fornire un supporto logistico completo in qualità di appaltatore per il Sistema di Formazione Multi Motore T-54A (METS). Il contratto mira a modernizzare la flotta di aerei da addestramento della Marina, sostituendo i vecchi aerei T-44C. Il programma METS supporterà l'addestramento dei piloti per la Marina, il Corpo dei Marines, la Guardia Costiera e le forze alleate fino al 2055, facilitando le transizioni verso aerei avanzati come il V-22 Osprey e il P-8 Poseidon. Il contratto include un periodo base di un anno con quattro opzioni annuali, con operazioni basate presso la Stazione Aerea Navale di Corpus Christi, Texas.
Amentum (NYSE: AMTM) ha conseguido un contrato de 490 millones de dólares de la Marina de los EE. UU. para proporcionar apoyo logístico integral como contratista para el Sistema de Entrenamiento Multi Motor T-54A (METS). El contrato tiene como objetivo modernizar la flota de aviones de entrenamiento de la Marina, reemplazando los envejecidos aviones T-44C. El programa METS respaldará el entrenamiento de pilotos para la Marina, el Cuerpo de Marines, la Guardia Costera y fuerzas aliadas hasta 2055, facilitando la transición a aviones avanzados como el V-22 Osprey y el P-8 Poseidon. El contrato incluye un período base de un año con cuatro opciones de un año, con operaciones basadas en la Estación Aérea Naval de Corpus Christi, Texas.
Amentum (NYSE: AMTM)는 미국 해군으로부터 T-54A 다중 엔진 훈련 시스템(METS)에 대한 포괄적인 계약자 물류 지원을 제공하기 위해 4억 9천만 달러 계약을 체결했습니다. 이 계약은 해군의 훈련 항공기 함대를 현대화하고, 노후 된 T-44C 항공기를 교체하기 위한 것입니다. METS 프로그램은 2055년까지 해군, 해병대, 해안 경비대 및 동맹국의 파일럿 훈련을 지원하며 V-22 오스프레이 및 P-8 포세이돈과 같은 고급 항공기로의 전환을 용이하게 합니다. 계약에는 1년의 기본 기간과 4개의 1년 옵션이 포함되어 있으며, 텍사스 주 콜푸스 크리스티 해군 공군 기지에서 운영됩니다.
Amentum (NYSE: AMTM) a obtenu un contrat de 490 millions de dollars de la part de la Marine américaine pour fournir un soutien logistique complet en tant qu'entrepreneur pour le Système d'Entraînement Multi-Moteur T-54A (METS). Le contrat vise à moderniser la flotte d'avions d'entraînement de la Marine, remplaçant les anciens avions T-44C. Le programme METS soutiendra la formation des pilotes pour la Marine, le Corps des Marines, la Garde côtière et les forces alliées jusqu'en 2055, facilitant les transitions vers des avions avancés tels que le V-22 Osprey et le P-8 Poseidon. Le contrat comprend une période de base d'un an avec quatre options d'un an, les opérations étant basées à la Naval Air Station de Corpus Christi, au Texas.
Amentum (NYSE: AMTM) hat einen Vertrag über 490 Millionen Dollar von der US Navy erhalten, um umfassende logistische Unterstützung als Auftragnehmer für das T-54A Multi-Engine Training System (METS) bereitzustellen. Der Vertrag zielt darauf ab, die Trainingsflugzeugflotte der Navy zu modernisieren und die veralteten T-44C-Flugzeuge zu ersetzen. Das METS-Programm wird die Pilotenausbildung für die Navy, das Marine Corps, die Küstenwache und alliierte Kräfte bis 2055 unterstützen und die Übergänge zu fortschrittlichen Flugzeugen wie dem V-22 Osprey und P-8 Poseidon erleichtern. Der Vertrag umfasst eine einjährige Grundlaufzeit mit vier einjährigen Optionen, wobei die Einsätze an der Naval Air Station Corpus Christi, Texas, basieren.
- Secured substantial $490 million contract with U.S. Navy
- Long-term revenue potential through 2055
- Contract includes multiple extension options (4 one-year periods)
- Strategic positioning in military aviation training sector
- None.
Insights
This
The contract's value at
Amentum’s expert fleet management support to the METS program strategically positions the
“Amentum’s extensive experience delivering comprehensive fleet management—encompassing modifications and engineering to sustainment and logistics—makes us the premier partner for modernizing the Navy’s training aircraft fleet,” said Dr. Karl Spinnenweber, President of the Mission Solutions Group. “Our team, understanding the critical nature of our mission, excels in the accelerated pilot training environment and is fully committed to providing ready-to-train aircraft every single day.”
Amentum’s dynamic, highly skilled workforce consistently delivers ready-for-production (RFP) aircraft for daily training missions, ensuring excellence through both scheduled or un-scheduled maintenance and modifications in a highly demanding student training environment. These aircraft systems provide the foundation for advanced fleet aircraft training syllabi. Amentum delivers critical training on full system maintenance, service, and repair of avionics, airframes, and power plants, as well as overhaul of aircraft engines, propellers, and avionics components, enabling continuous flight operations.
“Our partnership with the
The task order transition phase in began June 1, 2024, and full performance started Sept. 1 under the CMMARS Indefinite Delivery/Indefinite Quantity Multiple Award Contract. It has a one-year base period and four additional one-year option periods and is contracted through Naval Air Systems Command (NAVAIR). Operations will be conducted at Naval Air Station
About Amentum
Amentum is a global leader in advanced engineering and innovative technology solutions, trusted by
Visit us at amentum.com to learn how we advance the future together.
Follow @Amentum_corp on X
Follow Amentum on LinkedIn
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241028362637/en/
For Amentum:
Dave Hylton
(703) 218-1281
David.Hylton@amentum.com
Source: Amentum
FAQ
What is the value of Amentum's (AMTM) new U.S. Navy contract in 2024?
When does Amentum's (AMTM) Navy METS contract begin full performance?
Where will Amentum (AMTM) conduct operations for the Navy METS program?
How long is the duration of Amentum's (AMTM) Navy METS contract?
