Amentum(NYSE) AMTM

Amentum helps the U.S. government and its allies solve complex technical problems. They manage large energy projects and protect national security through data analytics. These services keep critical defense and environmental programs running across the world.

What Amentum Does

• Global Engineering Solutions: Managing nuclear power tasks and cleaning up large environmental sites; makes up 59% of revenue.
• Digital Solutions: Providing cybersecurity, space system tools, and advanced data analytics for intelligence agencies; accounts for 41% of revenue.
• Cost-Plus-Fee Contracts: Handling projects where the customer pays for all costs plus a set fee; represents 57% of revenue.
• Fixed-Price Work: Completing specific tasks for a pre-set price regardless of the final cost; brings in 29% of revenue.

Recent Business Moves

• Completed a merger with Jacobs Solutions Inc. businesses, specifically the Critical Mission Solutions and portions of the Divergent Solutions units in late 2024.
• Divested the Rapid Solutions business during fiscal year 2025 to streamline the company portfolio.
• Amended a receivables purchase agreement with MUFG Bank, Ltd. in December 2024 to increase the credit limit to $400 million.
• Executed several interest rate swaps totaling $1.6 billion to manage debt costs through January 2027.

A Wide Global Reach

The company operates on all seven continents to support the U.S. government and allied nations. They maintain deep relationships with defense and intelligence agencies by providing highly specialized technical consulting.

The Financial Scorecard

• Net income reached $44 million in Q1 2026, up 266.7% from $12 million in Q1 2025.
• Revenue was $3.2 billion in Q1 2026, down 5.2% from $3.4 billion in Q1 2025 due to government shutdowns.
• Operating income rose to $138 million in Q1 2026, up 4.5% year-over-year from $132 million.
• Total backlog grew to $47.2 billion by January 2, 2026, up from $45.2 billion the previous year.

Bottom Line

Amentum has transformed into a major government services provider through the large-scale merger with Jacobs units. The company now balances heavy engineering projects with high-tech digital solutions for national security.