Recent Updates — AMTM

Amentum Holdings, Inc.'s Board of Directors approved an amendment and restatement of Steven J. Demetriou’s employment agreement as Executive Chair, effective September 28, 2026. The revised terms set his base salary at $625,000 with a short-term incentive target equal to 100% of base salary and a long-term incentive grant value of $1,250,000. The agreement removes standard severance obligations but retains entitlement to a pro-rata bonus and full accelerated vesting of outstanding LTI awards upon termination. Amentum Holdings operates in the defense, intelligence, and government services sector.

Amentum Holdings, Inc. reported third-quarter fiscal 2026 results ending July 3, 2026, with revenues of $3.5 billion and diluted earnings per share of $0.27. The company increased its full-year adjusted EBITDA guidance to a range of $1.115–$1.140 billion and adjusted diluted EPS guidance to $2.40–$2.50, citing strong operational performance despite near-term revenue headwinds from contract transitions and divestitures. Backlog grew 8% year-over-year to $48.2 billion, supported by significant awards in global nuclear energy, critical digital infrastructure, and defense sectors. Amentum operates as a leading advanced engineering and technology solutions provider for government and commercial clients.