Reports Q2 revenue $3.5B, consensus $3.43B. “Amentum (AMTM) delivered solid results this quarter, underscoring the strength of our mission-focused portfolio and the consistency of demand across our markets,” said Amentum Chief Executive Officer John Heller. “Our performance, combined with our recently announced divestiture of Rapid Solutions, highlights the strength of our business as a premier pure-play advanced engineering and technology solutions company and enhances our financial flexibility. We remain focused on delivering differentiated value to our customers and driving long-term growth through disciplined execution.”
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Read More on AMTM:
- Jacobs announces special dividend of 7.3M shares of Amentum common stock
- Amentum divests Rapid Solutions business to Lockheed Martin for $360M in cash
- Amentum price target lowered to $22 from $24 at RBC Capital
- Amentum initiated with an Underweight at Morgan Stanley
- Amentum initiated with a Buy at BTIG
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