Amentum (company)

{{Short description|Large Defense Contractor}}

{{Infobox company

| name = Amentum Holdings, Inc.

| logo = File:Amentum Logo-RGB-Full Color H.svg

| type = Public

| traded_as = {{ubl|{{NYSE|AMTM}}|S&P 600 component}}

| founded = {{Start date and age|2020|2|4|p=1|br=y}} in Germantown, Maryland

| predecessor = {{Unbulleted list|AECOM Management Services group|DynCorp|PAE}}

| hq_location = Chantilly, Virginia, U.S.

| area_served = Worldwide

| key_people = John Heller (CEO)

| industry = National security, defense, healthcare, engineering

| num_employees = > 50,000

| num_employees_year = 2022

| revenue = {{Increase}} > {{currency|9.0|us}} billion

| revenue_year = 2021

| owner = {{Unbulleted list|American Securities|Lindsay Goldberg}}

| products = government services

| website = [https://www.amentum.com amentum.com]

| footnotes = {{cite web |url=https://www.amentum.com/locations/ |title=Key Locations |website=amentum.com |access-date=4 June 2023}}{{cite web |url=https://www.businesswire.com/news/home/20211025005455/en/Amentum-to-Acquire-PAE-Incorporated |title=Amentum to Acquire PAE Incorporated |publisher=Business Wire |date=2021-10-25 |accessdate=2023-10-27 }}{{cite news |last=Staff Writer |url=https://washingtonexec.com/2022/02/john-heller-tapped-as-amentum-ceo/ |title=John Heller Tapped as Amentum CEO |work=WashingtonExec |publisher=WashingtonExec |date=2022-02-24 |access-date=2022-07-06 }}

}}

Amentum Holdings, Inc. (formally Amentum Government Services Holding LLC) is an American government and commercial services contractor based in Chantilly, Virginia.{{Cite web |last=Chanel |date=2023-02-07 |title=Amentum Awarded $487M Contract to Deliver Logistics Solutions for U.S. Military Equipment |url=https://www.amentum.com/amentum-awarded-487m-contract-to-deliver-logistics-solutions-for-u-s-military-equipment/ |access-date=2023-02-23 |website=Amentum |language=en-US}}{{Cite web |title=Key Locations |url=https://www.amentum.com/locations/ |access-date=2023-02-23 |website=Amentum |language=en-US}} The company was formed in 2020 from the spinout of AECOM's Management Services / federal group.{{cite news |last=Wilkers |first=Ross |url=https://washingtontechnology.com/2020/02/whats-next-for-amentum-after-aecom-spinoff/354809/ |title=What's next for 'Amentum' after AECOM spinoff |work=Washington Technology |publisher=Washington Technology |date=2020-02-04 |access-date=2022-07-06 }} After Leidos, it is the second-largest government services (non equipment producing) contractor in the US government contracting market.{{cite news |last1=Leuthy |first1=Cameron |last2=Levinson |first2=Rob |url=https://about.bgov.com/reports/bgov-200-federal-industry-leaders-2021/ |title= The 200 government contractors shaping the federal market |work=Bloomberg Government |publisher=Bloomberg |date=2021-06-01 |access-date=2022-07-06 }}

History

Amentum was founded in 2020 as a spinout of the Management Services Group of AECOM, consisting of the non-construction parts of the company's federal work as well as its commercial operations and maintenance business. This came as a result of a process by AECOM to realign its business to focus more clearly on the architect, engineering, and construction market.{{cite web |url=https://aecom.com/management-services-sale/ |title=Management Services Sale |author=AECOM |work=Press Releases |date=2020-01-30 |access-date=2022-07-06 }}

Amentum traces its AECOM roots back to several well-known government contracting firms that now form the basis of its current work. These firms came to be a part of the company by way of AECOM's acquisition of URS Corporation and include EG&G, Washington Group International, Westinghouse Government Services, and Lear Siegler.{{cite web |url=https://www.amentum.com/corporate-lineage/ |title=Corporate Lineage |publisher=Amentum |access-date=2022-07-06 }}

On the 27th September 2024 Amentum announced the completion of its merger with Jacobs Solutions Inc Critical Mission Solutions and Cyber and Intelligence businesses. https://www.amentum.com/amentum-completes-transformational-combination-with-jacobs-critical-mission-solutions-and-cyber-and-intelligence-units/

On October 1st, 2024, Amentum became a publicly traded company on the NYSE under the ticker symbol "AMTM", becoming a part of the S&P 500. https://www.investopedia.com/amentum-stock-reverses-its-gains-after-joining-s-and-p-500-8721520

On April 23, 2025, MarketWatch's Dow-Jones news wire reported that Lockheed Martin has agreed to but Amentum's Rapid Business Solutions Business for $360M https://www.marketwatch.com/story/lockheed-martin-to-buy-amentum-s-hardware-business-for-360-million-99ff5bef The deal is ecxpected to be finalized in Q2, 2025.

=Growth through acquisitions=

As part of the strategy by its owners, Amentum has pursued acquisitions of other government contractors including:

  • 2020 - DynCorp{{cite news |last=Wilkers |first=Ross |url=https://washingtontechnology.com/2020/09/how-the-amentum-dyncorp-deal-came-to-be-in-a-covid-world/355033/ |title=How the Amentum-DynCorp deal came to be in a COVID world |work=Washington Technology |publisher=Washington Technology |date=2020-09-28 |access-date=2022-07-06 }}{{cite news |last=Biesecker |first=Cal |url=https://www.defensedaily.com/amentum-closes-deal-dyncorp/business-financial/ |title=Amentum Closes Deal For DynCorp |work=Defense Daily |publisher=Defense Daily |date=2020-11-24 |access-date=2022-07-06 }}
  • 2022 - PAE{{cite news |last=Losey |first=Stephen |url=https://www.defensenews.com/industry/2022/02/15/amentum-closes-19-billion-acquisition-of-pae/ |title=Amentum closes $1.9 billion acquisition of PAE |work=DefesneNews |publisher=DefenseNews |date=2022-02-15 |access-date=2022-07-06 }}

Notable Projects

  • Training of all US Army helicopter pilots at Fort Rucker for the United States Army Aviation Center of Excellence{{cite news |last=Keller |first=Katie |url=https://news.clearancejobs.com/2021/01/07/amentum-awarded-us-army-contract-for-flight-and-simulator-training/ |title=Amentum Awarded US Army Contract for Flight and Simulator Training |work=ClearanceJobs |publisher=ClearanceJobs |date=2021-01-07 |access-date=2022-07-06 }}
  • Various operations roles for nuclear remediation at the Savannah River Site and the Hanford Site{{cite news |last=Barber |first=Wayne |url=https://www.exchangemonitor.com/amentum-new-name-familiar-faces-doe-crowd-executive-says/ |title=Amentum is New Name With Familiar Faces to DOE Crowd, Executive Says |work=Exchange Monitor |publisher=Exchange Monitor |date=2020-02-07 |access-date=2022-07-06 }}
  • Operation of the Waste Isolation Pilot Plant - the US nuclear waste repository
  • Elimination of chemical and biological weapons under the Nunn–Lugar Cooperative Threat Reduction Program as well as the creation of labs to study diseases{{cite news |last=Pasternack |first=Alex |url=https://www.popsci.com/technology/article/2013-08/why-us-building-high-tech-bubonic-plague-lab-kazakhstan/ |title=Why The U.S. Is Building A High-Tech Bubonic Plague Lab In Kazakhstan |work=Motherboard |publisher=Popular Science |date=2013-08-29 |access-date=2022-07-06 }}
  • Operates the Nevada Test and Training Range{{cite news |last=Wilkers |first=Ross |url=https://washingtontechnology.com/2018/05/aecom-books-31b-test-range-services-contract/347981/ |title=AECOM books $3.1B test range services contract |work=Washington Technology |publisher=Washington Technology |date=2018-05-23 |accessdate=2022-07-12 }}
  • Operations of the Kennedy Space Center

See also

References

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