Amentum Holdings, Inc. (NYSE:AMTM) is one of the 15 successful spin-off companies. On June 27, the global leader in advanced engineering and innovative technology reaffirmed its status as a pure-play provider of technology solutions.
A computer network engineering team setting up a server array in a data center.
The company announced the divestment of its Rapid Solution unit to Lockheed Martin. As part of the transaction, Amentum is to receive $360 million in cash. The unit that the company sold accounted for 1% of total revenue and adjusted EBITDA. It specializes in manufacturing products aligned with national security missions.
Amentum came into being following its merger with Jacob’s Critical Mission Solutions and Cyber & Intelligence Government Services Businesses. The merger resulted in the creation of a pure-play government technology Solutions Company focused on addressing the world’s most complex and critical challenges.
Amentum Holdings Inc. has established itself as a provider of advanced engineering and technology solutions. It supports the United States and its allies by addressing complex challenges in science, security, and sustainability.
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This article is originally published at Insider Monkey.
