Amentum Completes Divestiture of Its Rapid Solutions Product Business for $360 Million
Amentum Completes Divestiture of Its Rapid Solutions Product Business for $360 Million
CHANTILLY, Va.--(BUSINESS WIRE)--Amentum (NYSE: AMTM) today announced it has completed the divestiture of Rapid Solutions to Lockheed Martin (NYSE: LMT) for $360 million in cash. The transaction advances Amentum’s strategy as a pure-play provider of technology-enabled solutions and enhances its balance sheet strength and financial flexibility.
The transaction advances Amentum’s strategy as a pure-play provider of technology-enabled solutions and enhances its balance sheet strength and financial flexibility.
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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.
Contacts
For Amentum:
Media Contact
Chanel Mann
chanel.mann@amentum.com
Investor Contact
Nathan Rutledge
IR@amentum.com
