Amentum Completes Merger with Jacobs Solutions Inc., Enters Stock Exchange
Amentum, a global leader in engineering and technology services, has completed a merger with Jacobs Solutions Inc.s Critical Mission Solutions and Cyber and Intelligence businesses. The combined entity aims to address complex challenges for its customers and is set to begin trading on the NYSE under the ticker symbol AMTM. The companys executive team will ring the Opening Bell on October 1.
Amentum, headquartered in Chantilly, Virginia, serves the U.S. Government and allied partners with advanced engineering solutions in environment, space, intelligence, defense, and civilian sectors. With a workforce of over 53,000 people across 80 countries, the company is wellpositioned for growth and profitability.
The funding from the merger will be used to accelerate growth in highmargin, technologyenabled segments. Amentum boasts a $47 billion backlog and anticipates $14 billion in revenue by fiscal year 2025. The companys leadership team, including CEO John Heller and Executive Chair Steve Demetriou, is committed to driving growth and innovation in the industry.
Jacobs was a key player in the merger, with its shareholders owning 51% of the new company and Jacobs retaining a 7.5% stake. Additional contingent consideration may be released based on Jacobs fiscal year 2024 operating performance. The ensuing leadership team comprises industry experts who bring diverse experience to propel Amentums future success.
