Amentum has finalized its merger with Jacobs’ (NYSE: J) critical mission solutions and cyber and intelligence businesses to form a new publicly traded company focused on delivering advanced engineering and technology platforms and services to customers.
Chantilly, Virginia-based Amentum said Friday it will start trading on the New York Stock Exchange under the ticker symbol âAMTMâ on Monday, Sept. 30.
In November 2023, Jacobs agreed to spin off and merge its CMS and cyber and intelligence businesses with Amentum through a Reverse Morris Trust transaction to establish a public government technology services contractor.
Amentum now has over 53,000 employees in 80 countries and provides full lifecycle, engineering and technologies for space, intelligence, environment, defense and civilian markets. The company expects to realize $14 billion in fiscal year 2025 revenue.
Amentum’s Executive Leadership Team
John Heller will continue to lead Amentum as CEO and serve on the company’s board.
“The completion of this transformational combination creates a global leader that advances the future, with the trusted track record of superior performance, outstanding engineering expertise, and leading-edge technologies required to meet our customers’ most significant challenges,” said Heller, a 2024 Wash100 awardee.
Steve Demetriou, most recently executive chair of Jacobs, has assumed the same role at Amentum.
Steve Arnette, most recently executive vice president and president of the critical mission solutions business line at Jacobs and a previous Wash100 Award recipient, will serve as Amentum’s chief operating officer.
Finance executive Travis Johnson will continue to serve as Amentum’s chief financial officer.
Jill Bruning, most recently president of Amentum’s engineering, science and technology business and a previous Wash100 awardee, will transition to the role of chief technology officer.
Days before the transaction’s closing, Amentum announced the members of its board of directors.
Shareholders at Jacobs will own 51 percent and the company will own 7.5 percent of the combined entity’s common shares. An additional 4.5 percent of Amentum’s common shares will be put in escrow and issued in the future depending on the separated businesses’ achievement of certain operating profit targets in FY 2024.
