Amentum Secures Up to $730M Contracts with EDF for Nuclear Support
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Significant Contract Value: Amentum has secured new contracts with Électricité de France (EDF) valued at up to $730 million (£540 million), which will further solidify its position in the UK nuclear sector, particularly in supporting existing reactors and the construction of the new Hinkley Point power station.
- Long-term Partnership: Since signing a lifetime enterprise agreement in 2015, Amentum has provided technical services across EDF's UK nuclear fleet, enabling EDF to achieve an aggregate 38 years of life extension across seven advanced gas-cooled reactor stations, demonstrating the depth and breadth of their collaboration.
- Professional Services Framework: The new contracts include 10-year professional services agreement frameworks with Hinkley Point C nuclear power station, aimed at supporting new build programs, operating stations, and their engineering capability hub, which is expected to enhance operational efficiency and safety.
- Project Management Resources: Additionally, Amentum has secured a five-year project management resources framework contract to support station operations, life extension, and decommissioning preparations, further enhancing its comprehensive service capabilities in the nuclear energy sector.
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: 35.380
Low
30.00
Averages
34.56
High
40.00
Current: 35.380
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.
