Welcome to our dedicated page for Amentum Holdings news (Ticker: AMTM), a resource for investors and traders seeking the latest updates and insights on Amentum Holdings stock.
Amentum Holdings Inc (AMTM) delivers mission-critical engineering and cybersecurity solutions for government and allied partners worldwide. This news hub provides investors and stakeholders with timely updates on strategic developments shaping the company’s role in defense infrastructure and advanced technology integration.
Access authoritative reporting on contract awards, project milestones, and operational initiatives across Amentum’s core sectors. Our curated collection includes earnings disclosures, partnership announcements, and cybersecurity advancements – all essential for understanding the company’s position in high-stakes government markets.
Key updates cover:
• Defense sector contract wins
• Engineering project completions
• Cybersecurity innovation announcements
• Strategic alliance developments
Bookmark this page for streamlined tracking of Amentum’s progress in delivering complex technical solutions while maintaining compliance with government security standards. Verify time-sensitive decisions with primary source materials and official corporate communications.
Amentum (NYSE: AMTM) has appointed Michele St. Mary as Chief Legal Officer and General Counsel, effective immediately. St. Mary will oversee the company's legal, ethics, compliance, contracts, and security functions globally. She succeeds Stuart Young, who retires after over 30 years with Amentum and its legacy companies.
St. Mary brings more than 25 years of experience in the government contracting industry. She previously served as vice president, deputy general counsel and assistant secretary for L3Harris Technologies, where she spent 19 years leading legal, contracts, trade compliance and ethics functions. Earlier roles included senior counsel at Sun Microsystems and associate at Crowell & Moring LLP. She holds a bachelor's degree in political science and a juris doctorate from Yale University.
Amentum (NYSE: AMTM) has been selected by the General Services Administration (GSA) for all eight domains of the One Acquisition Solution for Integrated Services Plus (OASIS+) multiple-award IDIQ program. The company, being among less than 2% of awardees to achieve this comprehensive coverage, will provide solutions including research and development, engineering, C4ISR, and complex program management.
The OASIS+ contract streamlines the acquisition process for U.S. government customers through a single solicitation system. The eight awarded domains include Technical and Engineering, Research and Development, Intelligence Services, Environmental, Facilities, Logistics, Management and Advisory, and Enterprise Solutions.
The IDIQ contract features a five-year base period with one five-year option period, potentially extending to ten years total, with no dollar ceiling or cap on awards.
Amentum (NYSE: AMTM) has secured NASA's Consolidated Operations, Services, and Maintenance Infrastructure Contract (COSMIC) in partnership with Chugach Government Solutions through the Nova Space Solutions Joint Venture. The contract, valued at $822.7 million, will commence in July 2025 and run for 8 years at Stennis Space Center and Michoud Assembly Facility.
The scope includes delivering facility solutions, engineering and manufacturing capabilities, contract management, logistics, facility operations, and environmental solutions. Amentum will implement advanced technologies including Intelligent Asset Management, digital engineering tools, and data analytics to enhance NASA's space infrastructure operations.
Amentum (NYSE: AMTM) reported strong Q1 FY2025 results with revenues of $3.4 billion, representing a 2.3% pro forma growth. The company achieved net income of $12 million and Adjusted EBITDA of $262 million. Key financial metrics include:
- Diluted EPS of $0.05; Adjusted Diluted EPS of $0.51
- Operating Cash Flow of $110 million; Free Cash Flow of $102 million
- Backlog of $45 billion with Net Bookings of $3.6 billion
- Book-to-Bill ratio of 1.1x
The company's Digital Solutions segment saw a 1% revenue increase, while Global Engineering Solutions grew 3%. Notable Q1 awards include a $3 billion DOE contract for the West Valley Demonstration Project and a $447 million Air Forces Central Command contract. Amentum reaffirmed its FY2025 guidance with projected revenues of $13.8-14.2 billion and Adjusted EBITDA of $1.06-1.1 billion.
Jacobs Solutions (NYSE: J) reported fiscal Q1 2025 results with gross revenue growing 4.4% year-over-year to $2.9 billion and adjusted net revenue up 5.1%. The company recorded a GAAP net loss of $17.1 million, primarily due to $145 million in mark-to-market losses on AMTM investment. Infrastructure & Advanced Facilities segment showed strong performance with 4.9% revenue growth.
Notable highlights include an 18.9% increase in backlog to $21.8 billion and a trailing twelve-month book-to-bill ratio of 1.3x. The company repurchased $202 million of shares during Q1 and authorized a new $1.5 billion share repurchase program. The quarterly dividend was increased by 10% to $0.32 per share.
Jacobs raised its FY2025 adjusted EPS guidance range from $5.80-$6.20 to $5.85-$6.20, while maintaining expectations for mid-to-high single-digit adjusted net revenue growth and adjusted EBITDA margin of 13.8-14.0%.
Amentum (NYSE: AMTM) has secured a significant $447 million contract from the Air Forces Central Command for Global Prepositioned Materiel Services (GPMS). The contract focuses on delivering and modernizing prepositioned storage and maintenance solutions to ensure mission readiness.
The company will implement smart asset management technologies and a customized Data Management System (DMS) specifically designed for GPMS requirements. These solutions aim to maximize efficiency, extend asset lifecycles, and ensure compliance with U.S. military standards.
Amentum (NYSE: AMTM) has appointed Jennifer Walsmith as President of its Intelligence & Cybersecurity business, effective immediately. Walsmith will lead a global team delivering advanced national security, intelligence, and cybersecurity solutions for U.S. intelligence and defense customers across all 18 Intelligence Community agencies and the U.S. DOD community.
Walsmith brings over 30 years of leadership experience, previously serving as general manager and vice president of Northrop Grumman's Cyber & Intelligence business. She also spent 15 years at the National Security Agency (NSA) as their top acquisition executive and played a key role in the U.S. Comprehensive National Cyber Initiative. Her achievements include receiving the National Intelligence Superior Service Medal and multiple Presidential Rank Awards.
Amentum (NYSE: AMTM) has secured a $279 million contract from the U.S. Air Force to provide aviation operations solutions for the Ninth Air Force. The contract encompasses airfield management, air traffic control, and maintenance services across multiple locations including Bahrain, Iraq, Jordan, Kuwait, Saudi Arabia, Qatar, UAE, and U.S. facilities at Shaw Air Force Base and Joint Base Langley-Eustis.
The agreement includes a one-year base period with six one-year option periods, potentially extending through October 2031. The contract demonstrates Amentum's capability to deliver complex operations and integrate advanced technologies into maintenance and operations systems for military installations both domestically and internationally.
Amentum (NYSE: AMTM) reported its fiscal year 2024 results with GAAP revenues of $8.4 billion (7% growth) and a GAAP net loss of $82 million. The company achieved Pro Forma revenues of $13.9 billion (4% growth) and Pro Forma Net Income of $32 million. Pro Forma Adjusted EBITDA reached $1.052 billion, up 7% year-over-year.
The company's total backlog increased to $45.0 billion, up from $26.8 billion last year, primarily due to the addition of Jacobs' Critical Mission Solutions and Cyber & Intelligence businesses. Notable awards include a $45 billion DOE contract and various international contracts. Amentum affirmed its FY2025 guidance with projected revenues of $13.8-14.2 billion and Adjusted EBITDA of $1.06-1.1 billion.
Amentum (NYSE: AMTM) and Multiconsult Norge AS have been selected by Halden Kjernekraft AS to evaluate the potential construction of a small modular reactor (SMR) in Norway. The assessment will help Halden municipality determine if nuclear power can meet their advanced energy needs. The scope includes evaluating potential equipment suppliers, technical standards, and environmental impact assessment.
The project involves collaboration with Halden Kjernekraft, established by Norsk Kjernekraft, Østfold Energi, and Halden municipality. Both companies are currently involved in decommissioning work for a nuclear fuel and materials testing reactor in Halden. Multiconsult brings expertise in Norwegian supplier industry and energy sector, while Amentum contributes experience in SMR and nuclear power plant establishment in Europe and the UK.
