The new Amentum Holdings, comprising the former privately-held Amentum and the Critical Mission Solutions and cyber businesses spun off by Dallas-based Jacobs, will start trading on the New York Stock Exchange on Monday Sept. 30.
As expected, the combined company on Friday announced it had completed its merger.
The new company will trade under the ticker AMTM and its new executive team was scheduled to ring the exchange’s opening bell on Tuesday, according to the company’s press release about the merger. Jacobs’ shareholders will own 51% of the combined company.
Amentum Holdings’ board of directors will be chaired by former Jacobs chief executive officer Steven Demetriou. John Heller, CEO of Virginia-based legacy Amentum, will be CEO of the publicly traded Amentum and also serve on the board.
Both the legacy Amentum and Jacobs are lead contractors on billions of dollars’ worth of business within the Department of Energy’s weapons complex.
In 2017, Jacobs purchased CH2M Hill, a rival engineering and construction contractor.
Some of the prominent companies that are part of Amentum’s history include EG&G, Morrison-Knudsen, Westinghouse Government Services, URS, Lear Siegler Services, DynCorp and Pacific Architects and Engineers.
