- Amentum (AMTM, Financial) agrees to a $360 million sale of its Rapid Solutions business to Lockheed Martin (LMT).
- The deal is set to close in the second half of 2025, pending regulatory approvals.
- The transaction will support Amentum’s strategy to become a pure-play technology solutions provider.
Amentum (AMTM) has announced a definitive agreement to divest its Rapid Solutions product business to Lockheed Martin (LMT) for $360 million in cash. The transaction is aimed at focusing Amentum’s efforts on mission-critical technology-enabled solutions and accelerating its debt reduction goals. The sale is anticipated to close in the latter half of 2025, subject to customary regulatory approvals and conditions.
Rapid Solutions, which contributes approximately 1% to Amentum's annual revenue and adjusted EBITDA, specializes in manufacturing products aligned with national security missions, including ISR, advanced communications, and tactical systems. As part of the agreement, around 230 employees from Rapid Solutions will join Lockheed Martin after the transaction closes.
The divestiture is expected to yield approximately $325 million in after-tax proceeds, which Amentum plans to reinvest in its core operations. The company will provide further insights into this strategic move during its upcoming Second Quarter Fiscal Year 2025 earnings call on May 7, 2025.
