Amentum’s SFRC award adds ‘healthy dose’ of visibility, says Raymond James

Raymond James analyst Brian Gesuale reiterated an Outperform rating and $30 price target on Amentum (AMTM) Holdings after the company announced that it won a $4B Space Force Range Contract that was previously under protest. The contract will embed Amentum directly into key launch infrastructure across the U.S., strengthening customer and partner connections, the analyst tells investors in a research note. The firm added that the contract scope is well aligned with broader federal investments, including the $150B reconciliation bill which includes $10B for NASA, and complements Amentum’s existing roles in NASA’s Artemis missions and the Golden Dome missile defense initiative. The move adds a “healthy dose” of visibility for Amentum, as it is expects to contribute meaningfully to future earnings and cash low.