Amentum Holdings Inc Stock Price, News & Analysis

Amentum Holdings (NYSE: AMTM) has announced the pricing of its secondary public offering of 19,464,174 shares at $16.50 per share. The offering is expected to close on March 13, 2025.

The transaction involves a debt-for-equity exchange where a Jacobs Solutions subsidiary will exchange these shares with a BofA Securities affiliate (the Selling Shareholder), who will then sell them to the offering's underwriters. Amentum will not receive any proceeds from this transaction.

After the offering's completion, Jacobs will cease to hold Amentum shares, except for potential future receipt of 9,732,087 escrowed shares subject to performance milestones. The offering's joint book-running managers include BofA Securities, J.P. Morgan, Morgan Stanley, BNP Paribas, and TD Cowen.

Amentum (NYSE: AMTM) has announced a strategic partnership with Rivada Space Networks to provide ultra-secure low earth orbit connectivity for U.S. government communications. The partnership centers around Rivada's Outernet, a revolutionary constellation of 600 LEO satellites creating the first unified global communications network.

The Outernet features advanced capabilities including:

• Inter-satellite laser links with onboard processing
• Pole-to-pole coverage with lower latency than terrestrial fiber
• An orbital mesh network without terrestrial gateways
• Enhanced security through space-based data routing

This partnership aims to strengthen digital infrastructure globally while providing U.S. government customers with expanded capabilities for mission-critical communications. The system offers MEF-compliant private space network connectivity with emphasis on zero trust networking and cybersecurity.

Amentum Holdings (NYSE: AMTM) has announced a secondary public offering of 19,464,174 shares of its common stock. The company itself is not selling any shares and will not receive proceeds from the offering. Jacobs Solutions Inc. subsidiary will exchange these shares for debt held by a BofA Securities affiliate (the Selling Shareholder), who will then sell the shares to underwriters.

After the offering's completion, Jacobs will no longer hold Amentum shares, except for potential 9,732,087 shares held in escrow pending performance milestones related to the merger of Jacobs' Critical Mission Solutions and Cyber & Intelligence businesses with Amentum. BofA Securities, J.P. Morgan, Morgan Stanley, BNP Paribas and TD Cowen are serving as joint book-running managers for the offering.

Amentum (NYSE: AMTM) has been selected as the exclusive program and project management delivery partner for Sizewell C, a new nuclear power station project in the UK. The contract will extend until the station begins operations, creating hundreds of new jobs.

The project involves two 1.6 gigawatt EPR reactors on the East Suffolk coast, capable of powering 6 million homes while reducing carbon emissions by 9 million metric tons annually. The UK Government owns 76% of Sizewell C and has committed $3.2 billion (£2.5 billion) in investment.

Amentum's scope includes:

• Program and project management
• Digitally aligned project controls
• Engineering and technical services
• Infrastructure solutions for site management

Amentum (NYSE: AMTM), a leading provider of advanced engineering and technology solutions to the U.S. government, allies, and Fortune 500 companies, has announced its participation in the 46th Annual Raymond James Institutional Investor Conference in Orlando, Florida.

The company's CEO, John Heller, will participate in a fireside chat on Tuesday, March 4, at 4:00 p.m. E.T. Investors and interested parties can access a live audio webcast of the presentation through Amentum's Investor Relations website at https://ir.amentum.com. The webcast recording will remain available for replay on the website for 90 days after the event.

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.