Amentum Holdings (AMTM) Appears Attractive With New Contract Awards

ICE said it will extend Amentum Services Inc.’s no-bid contract to run Camp East Montana at Fort Bliss through Sept. 30, 2027. The extension could add $776 million to a prior $452 million award. The move follows reports of detainee mistreatment and deaths, with ICE citing lack of bed space and transition costs.

Amentum (AMTM) said the U.S. DOE/NNSA selected it to negotiate a phased lease at the Savannah River Site for a proposed 1 GW AI data center with about 2 GW on-site generation. The plan would start with natural gas as a bridge to advanced nuclear. The lease is subject to negotiations and approvals, with no reactor vendor disclosed.

Amentum, a US defense contractor, won an $85 million, three-year contract to modernize spent fuel examination capabilities for the US Navy’s Nuclear Propulsion Program at the Naval Reactors Facility in Idaho, according to the company. The work will redesign and upgrade tools to compare used fuel core performance with design predictions, supporting safety, reliability, and mission capability.

Amentum Holdings (NYSE:AMTM) shares rose 1.4% after the U.S. Department of Energy’s National Nuclear Security Administration selected the company to negotiate a phased lease for a 1-gigawatt AI data center at the Savannah River Site. The project includes about 2 gigawatts of on-site energy, starting with natural gas and planning a shift to advanced nuclear, per the DOE.

Amentum (NYSE: AMTM) says the U.S. Department of Energy’s NNSA selected it to negotiate a phased lease for an AI and energy infrastructure project at the Savannah River Site. The plan calls for a 1-gigawatt AI data center with about 2 gigawatts of on-site power, starting with natural gas and transitioning to advanced nuclear, per the company.

Amentum Holdings Inc. (NYSE:AMTM) said it, via its ASCEND joint venture with Aerodyne Industries, was awarded NASA’s COSMOS contract for mission operations. The work will support mission operations, systems engineering and training for NASA’s Johnson Space Center, including ISS, Artemis, Orion and the Space Launch System programs.