Amentum divests Rapid Solutions business to Lockheed Martin for $360M in cash

Amentum (AMTM) announced it has entered into a definitive agreement to sell its hardware and product business, Rapid Solutions, to Lockheed Martin (LMT) for $360M in cash. The transaction, which is subject to customary regulatory approvals and closing conditions, will advance Amentum’s strategy as a pure-play provider of technology-enabled solutions and accelerates its debt reduction objectives. The business, which accounts for approximately 1% of Amentum’s annual revenues and adjusted EBITDA, manufactures ISR, advanced communications, and tactical systems. Approximately 230 employees will transition to Lockheed Martin upon close of the sale. The transaction is expected to close in the second half of 2025 and to generate approximately $325M in after-tax proceeds.