Amentum Secures $247 Million Global Counter-Threat Finance Contract
Amentum (NYSE:AMTM), a leading global technical and engineering solutions provider, has secured a $247.6 million contract from the U.S. Department of Defense (DOD) Air Combat Command (ACC), Acquisition Management and Integration Center (AMIC), Counternarcotics and Global Threats (CN>) Division. Amentum will leverage AI/Machine Learning-enabled tools and advanced analytical techniques to enable the DOD and partner agencies to deny, disrupt, destroy, or defeat finance systems and networks that negatively affect U.S. interests.
"Our team's expertise and innovative solutions will play a pivotal role in identifying and disrupting the unlawful financial networks of America's adversaries, ultimately enhancing the safety and security of our nation and its allies," said Mark Walter, President of Amentum Engineering & Technology Group.
Under this contract, Amentum will deliver solutions to the DOD in the counter-transnational organized crime, counter-drug, and counter-terrorism missions. Directed by the Deputy Assistant Secretary of Defense Counternarcotics and Stabilization Policy, Amentum's highly skilled personnel will assist U.S. government agencies in disrupting and degrading illegal financial networks that support transnational criminal and terrorist organizations. Amentum's efforts ensure the client's mission stays ahead of potential adversaries. The top priority for these efforts will be disrupting the illicit supply chain for synthetic opioids and associated money laundering.
This win highlights the DOD's continued trust in Amentum's longstanding expertise in using the most suitable advanced tools and techniques to solve issues of national significance. The contract spans 96 months, with an additional 4-month transition period, and is part of the CN> Multi-Award IDIQ, Operations and Logistics Pool.
About Amentum
Amentum is a global leader in advanced engineering and innovative technology solutions, trusted by the United States and its allies to address their most significant and complex challenges in science, security and sustainability. Our people apply undaunted curiosity, relentless ambition and boundless imagination to challenge convention and drive progress. Our commitments are underpinned by the belief that safety, collaboration and well-being are integral to success. Headquartered in Chantilly, Virginia, we have more than 53,000 employees in approximately 80 countries across all 7 continents.
Visit us at amentum.com to learn how we advance the future together.
Follow @Amentum_corp on X
Follow Amentum on LinkedIn
Forward-Looking Statements
This press release contains or incorporates by reference statements by Amentum Holdings, Inc. (the "Company") that relate to future events and expectations and, as such, constitute "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements may be characterized by terminology such as "believe," "project," "expect," "anticipate," "estimate," "forecast," "outlook," "target," "endeavor," "seek," "predict," "intend," "strategy," "plan," "may," "could," "should," "will," "would," "will be," "will continue," "will likely result," or the negative thereof or variations thereon or similar terminology generally intended to identify forward-looking statements. All statements, other than historical facts, including, but not limited to, statements regarding the anticipated work and revenue under the awarded contract, and the Company's objectives, expectations and intentions, applicable legal, economic and regulatory conditions, and any assumptions underlying any of the foregoing, are forward-looking statements.
A number of important factors could cause actual results to differ materially from those contained in or implied by these forward-looking statements, including those factors discussed in our filings with the Securities and Exchange Commission (SEC), including, among others: the occurrence of an accident or safety incident; the ability of the Company to control costs, meet performance requirements or contractual schedules; and other factors set forth under Item 1A, Risk Factors in our Annual Report on Form 10-K for the fiscal year ended September 27, 2024, which can be found at the SEC's website at www.sec.gov or the Investor Relations portion of our website at www.amentum.com. Any forward-looking statement speaks only as of the date on which it is made, and the Company assumes no obligation to update or revise such statement, whether as a result of new information, future events or otherwise, except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250414321548/en/
Media Contact:
Leah Shoats
+1 (505) 463-7642
[email protected]
Investor Contact:
Nathan Rutledge
[email protected]