Venture Led by Amentum (AMTM) Secures $112M Nuclear Decommissioning Contract

Amentum Holdings Inc. (NYSE:AMTM) is among the 10 best non-tech stocks to buy and hold for 5 years. On March 10, Amentum Holdings Inc. (NYSE:AMTM) announced that a joint venture it leads has been awarded a $112 million contract to provide decommissioning and waste management services at nuclear research sites across four European countries. The European Commission Joint Research Centre awarded the contract, valued at €95.7 million, for work at sites in Ispra, Italy; Karlsruhe, Germany; Geel, Belgium; and Petten, the Netherlands.

The joint venture led by Amentum Holdings Inc. (NYSE:AMTM) includes WSP Italia, with support from sub-contractors TUV Rheinland and Protection Solution SRL. The scope covers the decommissioning of research reactors, hot cells, accelerators, laboratories, and other facilities where radioactive materials have been handled. Under the scope of the contract, which has an initial duration of two years with three potential two-year extensions, the Amentum Holdings Inc. (NYSE:AMTM)-led venture’s responsibilities include licensing, radioactive waste management, radiation protection, decommissioning and nuclear engineering, worksite management and safety, non-nuclear engineering, facility supervision, and quality assurance.

Amentum Holdings Inc. (NYSE:AMTM) provides mission-critical, technology-driven services to government and commercial markets.

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