More than a week into becoming publicly traded over the New York Stock Exchange, common shares of Amentum Holdings were trading at about $27 on Friday afternoon.
Amentum Holding shares opened at $26.00 on Friday on the New York Stock Exchange and were hovering close to $27 a share that price during the first half of the trading day. Weapons Complex Monitor was distributed this week prior to the close of U.S. equity markets.
Amentum Holdings kicked off public trading on Monday Sept. 30 after Chantilly, Va.,-based Amentum combined with the government contracting and cyber/intelligence businesses of Dallas-based Jacobs Solutions. At the end of that first day of public trading on Sept. 30, the Amentum Holdings stock surged to $32.25 before quickly setting into the $25-$27 range in the days that followed.
Jacobs Solutions, which spun off its Department of Energy and other federal government contracting businesses to Amentum, closed Tuesday at $137.32, which was down 3 cents since the morning opening.. Jacobs, which remains a major stakeholder in the new Amentum Holdings, has seen its stock price range from $100 to $141 per share over the past 52 weeks.
Much of what became the pre-merger Amentum has been publicly traded in the past when its DOE and Department of Defense operations were owned by Los Angeles-based AECOM.
The new Amentum-Jacobs combo leads billions of dollars’ worth of environmental cleanup joint ventures across the DOE weapons complex.
