Morning Briefing - September 23, 2024
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September 23, 2024

Amentum-Jacobs merger to close this week; early steps Monday

By ExchangeMonitor

The mega-merger of Amentum Services, Chantilly, and the government and cyber businesses of Jacobs Solutions, Dallas, was scheduled to close Friday and begin Monday.

Jacobs announced Sept. 13 that the close of business today, Monday, Sept. 23, would be “the record date for the spin-off distribution of its Critical Mission Solutions and Cyber & Intelligence government services businesses” to Amentum.

The deal should be finalized by 4:10 p.m. Eastern time on Friday, according to Jacobs’ press release, creating a new, publicly traded government and defense behemoth that would loom large over Department of Energy nuclear-weapon sites, where both companies already do a lot of business.

The combined company will be called Amentum Holdings. Its shares will trade on the New York Stock Exchange under the ticker “AMTM,” according to a July regulatory filing. Amentum CEO John Heller, 61, was to lead the new company.

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