Amentum (company)
 | |
| Company type | Public |
|---|---|
| Industry | National security, defense, healthcare, engineering |
| Predecessor | |
| Founded | February 4, 2020 in Germantown, Maryland |
| Headquarters | Chantilly, Virginia, U.S. |
Area served | Worldwide |
Key people | John Heller (CEO) |
| Products | government services |
| Revenue |  > US$9 billion (2021) |
| Owner | |
Number of employees | > 50,000 (2022) |
| Website | amentum.com |
| Footnotes / references [1][2][3] | |
Amentum Holdings, Inc. (formally Amentum Government Services Holding LLC) is an American government and commercial services contractor based in Chantilly, Virginia.[4][5] The company was formed in 2020 from the spinout of AECOM's Management Services / federal group.[6] After Leidos, it is the second-largest government services (non equipment producing) contractor in the US government contracting market.[7]
History
[edit]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.[8]
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.[9]
On the 27th September 2024 Amentum announced the completion of its merger with Jacobs Solutions Inc Critical Mission Solutions and Cyber and Intelligence businesses. [10]
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. [11]
Growth through acquisitions
[edit]As part of the strategy by its owners, Amentum has pursued acquisitions of other government contractors including:
Notable Projects
[edit]- Training of all US Army helicopter pilots at Fort Rucker for the United States Army Aviation Center of Excellence[15]
- Various operations roles for nuclear remediation at the Savannah River Site and the Hanford Site[16]
- 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[17]
- Operates the Nevada Test and Training Range[18]
- Operations of the Kennedy Space Center
See also
[edit]References
[edit]- ^ "Key Locations". amentum.com. Retrieved 4 June 2023.
- ^ "Amentum to Acquire PAE Incorporated". Business Wire. 2021-10-25. Retrieved 2023-10-27.
- ^ Staff Writer (2022-02-24). "John Heller Tapped as Amentum CEO". WashingtonExec. WashingtonExec. Retrieved 2022-07-06.
- ^ Chanel (2023-02-07). "Amentum Awarded $487M Contract to Deliver Logistics Solutions for U.S. Military Equipment". Amentum. Retrieved 2023-02-23.
- ^ "Key Locations". Amentum. Retrieved 2023-02-23.
- ^ Wilkers, Ross (2020-02-04). "What's next for 'Amentum' after AECOM spinoff". Washington Technology. Washington Technology. Retrieved 2022-07-06.
- ^ Leuthy, Cameron; Levinson, Rob (2021-06-01). "The 200 government contractors shaping the federal market". Bloomberg Government. Bloomberg. Retrieved 2022-07-06.
- ^ AECOM (2020-01-30). "Management Services Sale". Press Releases. Retrieved 2022-07-06.
- ^ "Corporate Lineage". Amentum. Retrieved 2022-07-06.
- ^ https://www.amentum.com/amentum-completes-transformational-combination-with-jacobs-critical-mission-solutions-and-cyber-and-intelligence-units/
- ^ https://www.investopedia.com/amentum-stock-reverses-its-gains-after-joining-s-and-p-500-8721520
- ^ Wilkers, Ross (2020-09-28). "How the Amentum-DynCorp deal came to be in a COVID world". Washington Technology. Washington Technology. Retrieved 2022-07-06.
- ^ Biesecker, Cal (2020-11-24). "Amentum Closes Deal For DynCorp". Defense Daily. Defense Daily. Retrieved 2022-07-06.
- ^ Losey, Stephen (2022-02-15). "Amentum closes $1.9 billion acquisition of PAE". DefesneNews. DefenseNews. Retrieved 2022-07-06.
- ^ Keller, Katie (2021-01-07). "Amentum Awarded US Army Contract for Flight and Simulator Training". ClearanceJobs. ClearanceJobs. Retrieved 2022-07-06.
- ^ Barber, Wayne (2020-02-07). "Amentum is New Name With Familiar Faces to DOE Crowd, Executive Says". Exchange Monitor. Exchange Monitor. Retrieved 2022-07-06.
- ^ Pasternack, Alex (2013-08-29). "Why The U.S. Is Building A High-Tech Bubonic Plague Lab In Kazakhstan". Motherboard. Popular Science. Retrieved 2022-07-06.
- ^ Wilkers, Ross (2018-05-23). "AECOM books $3.1B test range services contract". Washington Technology. Washington Technology. Retrieved 2022-07-12.
External links
[edit]- Official website
- Business data for Amentum Holdings, Inc.:
- Amentum recruits for Washington's acoustic intelligence battle with China in Pacific, Intelligence Online, May 9, 2024 (requires free registration)