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CHANTILLY, Va. - Amentum, a global engineering and technology solutions provider, has secured a contract with NASA valued at up to $256 million. The contract involves providing mission support services for NASA's Ames Research Center, focusing on the development and management of advanced technologies and scientific projects.
Under the Fully Integrated Lifecycle Mission Support Services II (FILMSS II) contract, Amentum will leverage its expertise in federal research and engineering solutions to support a range of NASA missions. These include planetary science, astrophysics, space biosciences, astrobiology, heliophysics, earth science initiatives, and aeronautics research.
The company's president of Mission Solutions Group, Dr. Karl Spinnenweber, expressed eagerness to develop programs and technologies that will contribute to U.S. leadership in space exploration. Amentum's Senior Vice President of Commercial & Space Infrastructure Operations, Alan Smith, emphasized their track record of transforming laboratories and delivering innovative solutions as key to their selection for leading NASA's critical science missions.
Amentum's role will encompass program, science, engineering, operations, and project management solutions. Notably, the work will support initiatives such as biosciences flight development, astrobiology research collaborations, virtual institutes, and advanced aeronautics research.
The contract includes a two-year base period with the option for three additional one-year extensions. The majority of the work will be carried out onsite at the Ames Research Center in California.
Amentum, headquartered in Chantilly, Virginia, boasts over 53,000 employees globally and is recognized for addressing significant challenges in science, security, and sustainability for the United States and its allies.
The information provided in this article is based on a press release statement.
In other recent news, Amentum Holdings, Inc. has made significant updates to its corporate structure. The company reported a key executive appointment, with Stephen A. Arnette taking on the role of Chief Operating Officer. Arnette's appointment comes without any conflicting material interest, as disclosed in the company's Amendment No. 4 to the Registration Statement on Form 10.
In addition, Amentum Holdings has expanded its stock authorization, as confirmed in a recent amendment to its Certificate of Incorporation. The amendment increases the authorized shares of the company's common stock to 1 billion and executed a stock split. This action has resulted in the total issued and outstanding shares of the company's common stock now standing at 153,280,369.
These recent developments, including the executive appointment and amendment to the company's Certificate of Incorporation, are aligned with the company's previously disclosed plan for a pro rata distribution of shares by Jacobs Solutions Inc. to its stockholders. All these changes have been reported in an 8-K filing with the U.S. Securities and Exchange Commission. This information is crucial for investors as it provides them with the most recent updates that could influence their investment decisions.
InvestingPro Insights
As Amentum secures this significant NASA contract, it's worth noting some key financial insights from InvestingPro. The company's stock has experienced considerable volatility recently, with InvestingPro data showing a substantial 17.92% decline in the past week. This drop has brought the stock price to 76.72% of its 52-week high, currently trading at $26.47.
An InvestingPro Tip indicates that Amentum's stock generally trades with high price volatility, which aligns with the recent price movements and could be relevant for investors considering the impact of this new NASA contract on the company's stock performance.
Another InvestingPro Tip suggests that Amentum suffers from weak gross profit margins. This insight could be particularly relevant as the company takes on this large-scale NASA project, potentially affecting its profitability metrics in the coming quarters.
For investors seeking a more comprehensive analysis, InvestingPro offers additional tips and metrics beyond those mentioned here. The platform provides a total of 6 tips for Amentum, offering a deeper understanding of the company's financial position and market performance.
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