Amentum Holdings Inc Stock Price, News & Analysis

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.

Amentum (NYSE: AMTM) has secured a $105 million contract from Naval Surface Warfare Center Crane to enhance Electronic Warfare (EW) and Intelligence, Surveillance, and Reconnaissance (ISR) systems. The 60-month cost-plus/fixed-fee task order focuses on developing next-generation mission and survivability systems.

The company will utilize its Integrated Digital Engineering Approach (IDEA) to modernize aging components, implement state-of-the-art technology, and provide total lifecycle management of advanced surveillance systems. Work includes vehicle integration, platform integration, sensor integration, supply chain security, and anti-tamper technologies.

The contract was awarded through the Department of Defense Information Analysis Center's multiple-award contract vehicle, with primary operations in Crane, Indiana.

Amentum (NYSE:AMTM) announced that West Valley Cleanup Alliance, (WVCA), a joint venture led by BWXT Technical Services Group including Jacobs Technology and Geosyntec Consultants, has been awarded the West Valley Project Phase 1B Deactivation & Demolition contract. The Department of Energy contract has a maximum value of $3 billion over a 10-year ordering period.

The project scope includes disposal of radioactive waste, soil remediation, decontamination of underground high-level waste tanks, and transport of solidified waste to a federal repository. The work will take place at the West Valley Demonstration Project, a 150-acre site located 35 miles south of Buffalo, New York, which houses the only commercial spent nuclear fuel reprocessing facility to operate in the United States.

Amentum (NYSE: AMTM) has appointed Darren Burton as Chief People Officer, effective immediately. Burton will oversee talent strategy and management for the company's 53,000 employees across 80 countries. He brings over 20 years of experience and previously served as chief people officer at Eightfold AI, vice chair of human resources at KPMG, and VP of HR at Raytheon. At Raytheon, he managed HR strategies for a $6 billion organization with 16,000 employees and led HR efforts for multiple acquisitions. Burton holds a BA in sociology from the University of Oswego and a master's in industrial and labor relations from Cornell University.

Jacobs Solutions reported strong Q4 2024 results with revenue reaching $3.0 billion, up 4.4% year-over-year. The company completed the separation of its Critical Mission Solutions and Cyber & Intelligence businesses, now trading as Amentum (NYSE: AMTM). Q4 highlights include net income of $309 million (up 333.1% y/y), adjusted EBITDA of $289 million (up 12.5%), and EPS of $2.38 (up 277.8%). Backlog grew 22.5% to $21.8 billion. For FY2024, revenue was $11.5 billion (up 6.0%), with net income of $613 million (up 61.6%). The company provided FY2025 guidance expecting mid-to-high single-digit revenue growth and adjusted EPS of $5.80-$6.20.