Amentum Partners with Rolls-Royce for Small Modular Reactor Deployment, Creating 8,000 Jobs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Businesswire
- Partnership Announcement: Amentum has been selected as the program delivery partner for Rolls-Royce's Small Modular Reactor (SMR), responsible for the initial deployments in the UK and Czech Republic, which is expected to create over 8,000 long-term quality jobs, significantly boosting the local economy.
- Low-Carbon Energy Contribution: The Rolls-Royce SMR will deliver up to 1.5GW of low-carbon energy to the grid, supporting the UK's net zero goals, marking a crucial step towards a transition to clean, reliable energy and enhancing national energy security.
- Project Management Expertise: Amentum will leverage its industry-leading expertise in complex energy infrastructure project delivery to ensure the on-time and on-budget delivery of SMRs, thereby enhancing the company's competitiveness and influence in the nuclear sector.
- Global Electricity Demand: With global electricity demand expected to double in the coming decades, Rolls-Royce SMR offers a new, smaller, scalable nuclear power solution to meet the growing need for nuclear-generated electricity, driving sustainable development.
Analyst Views on AMTM
Wall Street analysts forecast AMTM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for AMTM is 34.56 USD with a low forecast of 30.00 USD and a high forecast of 40.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
4 Buy
5 Hold
0 Sell
Moderate Buy
Current: 34.580
Low
30.00
Averages
34.56
High
40.00
Current: 34.580
Low
30.00
Averages
34.56
High
40.00
About AMTM
Amentum Holdings, Inc. is a global advanced engineering and technology solutions provider to a broad base of the United States and allied government agencies, supporting programs of critical national importance across energy and environmental, intelligence, space, defense, civilian and commercial end-markets. It offers a range of capabilities, including intelligence and counter-threat solutions, data fusion and analytics, engineering and integration, environmental solutions, advanced test, training and readiness, and citizen solutions. Its segments include Digital Solutions (DS) and Global Engineering Solutions (GES). The DS segment offers advanced digital and data-driven solutions including intelligence analytics, space system development, cybersecurity, and next-generation information technology for the federal government and commercial clients. The GES segment offers large-scale environmental remediation, clean energy, platform engineering, sustainment and supply chain management.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
