Amentum Holdings, Inc. (AMTM)

Sector: Industrials|Industry: Specialty Business Services|Market Cap: $5.47B|Employees: 53K


Amentum Holdings, Inc. provides engineering and technology solutions to address challenges in science, security, and sustainability in the United States and internationally. It serves various markets, such as energy and environment, space, intelligence, defense, civilian, commercial, and international markets. The company was incorporated in 2023 and is headquartered in Chantilly, Virginia.

  1. Filings
  2. Company Profile

Business Summary

Amentum Holdings, Inc. is a global advanced engineering and technology solutions provider. The company serves U.S. and allied government agencies, as well as significant commercial enterprises. Amentum's core business model revolves around providing full mission lifecycle solutions, including design, development, engineering, integration, operations, and sustainment. The company's primary revenue streams are derived from contracts with the U.S. federal government and international government agencies. Amentum believes its scale and breadth of capabilities position it well in the marketplace, allowing it to pursue large and complex contracts. The company has a global presence with employees across approximately 80 countries.

Key Statistics

  • Employees: 53,000+
  • Geographic Footprint: Approximately 80 countries
  • Headquarters: Chantilly, Virginia
  • Founded: 2024 (through merger of legacy Amentum and Jacobs CMS business)
  • Revenue: $8.388 billion (FY2024)
  • Market Capitalization: $5.637 billion (as of December 6, 2024)
  • Key Subsidiaries/Brands: EG&G, Morrison-Knudsen, Westinghouse Government Services, URS, Lear Siegler Services, DynCorp International LLC, and Pacific Architects and Engineers

Leadership

  • CEO: John Heller
  • Executive Chair: Steven J. Demetriou
  • CFO: Travis B. Johnson
  • Other Key Executives: Stephen A. Arnette (Chief Operating Officer), Sean Mullen (Chief Growth Officer), Jill Bruning (Chief Technology Officer), Stuart I. Young (Chief Legal Officer)

Key leaders have extensive experience in engineering, technology, and government contracting.

Key Financial Metrics

  • Annual Revenue: $8.388 billion (FY2024)
  • Net Loss Attributable to Amentum: $(82) million (FY2024)
  • Market Cap: $5.637 billion (as of December 6, 2024)
  • Total Assets: $11.974 billion (as of September 27, 2024)
  • Number of Employees: 53,000+
  • Key Financial Highlights: Revenue increased by 6.6% year-over-year. The company completed a merger with the Jacobs Critical Mission Solutions business in September 2024.

Products and Services

Amentum provides a wide range of engineering and technology solutions.

  • Environmental Solutions and Energy Transition: Environmental remediation, site revitalization, nuclear non-proliferation, and PFAS solutions.
  • Space Solutions: Launch to landing solutions, ISR integration, radio frequency signal processing, ground systems development, and satellite payloads.
  • Intelligence, Cyber and Digital Engineering: Cyber, digital services, and modern software engineering, providing enhanced data ingestion, collection, security and storage solutions.
  • Research, Development, Test and Evaluation: R&D engineering, testing, evaluation and training.

Key Business Segments

Amentum operates as one business segment. The company's chief operating decision maker manages the operations of the company for purposes of allocating resources and assessing performance.

Business Strategy

Amentum's business strategy focuses on winning and executing large, complex programs, increasing penetration with existing customers, expanding into high-growth markets, leveraging core competencies, and applying a strong business development engine. The company aims to generate substantial free cash flow while driving growth. Key strategic initiatives include digital modernization, cybersecurity, and addressing global environmental challenges. Amentum also focuses on innovation and future technologies, such as autonomous systems, sustainable energy, and artificial intelligence.

Industry Context

Amentum operates in the specialized engineering and technology solutions industry, primarily serving government clients. The company competes with well-established corporations and smaller specialized firms. Key competitors include Booz Allen Hamilton Inc., CACI International Inc., KBR Inc., Leidos Holdings Inc., and ManTech International Corporation. Amentum's market position is supported by its ability to provide comprehensive solutions and its long-standing customer relationships. The company's primary market trends include increased government spending on modernization, cybersecurity, and environmental solutions.

  • Market Position: Amentum believes its scale and breadth of capabilities position it well in the marketplace.
  • Key Competitors: Booz Allen Hamilton Inc., CACI International Inc., KBR Inc., Leidos Holdings Inc., ManTech International Corporation, Parsons Corporation, Peraton Corporation, Science Applications International Corporation and V2X, Inc.
  • Industry Trends: Increased government spending on modernization, cybersecurity, and environmental solutions.

Risk Factors

  • Market Risks: Dependence on U.S. federal government contracts, competitive pressures, and potential delays in contract awards.
  • Operational Risks: Contract cost overruns, safety and environmental risks at work sites, and reliance on third-party subcontractors.
  • Financial Risks: Significant indebtedness, interest rate fluctuations, and potential impairment of goodwill or intangible assets.
  • Regulatory Risks: Compliance with U.S. federal procurement regulations, data privacy and security laws, and international trade compliance.
  • Transaction Risks: Integration challenges from the recent merger with the CMS Business, and the risk of not realizing the anticipated benefits.

Last Updated

2024-12-17

(Generated from latest 10-K filing)