Amentum stock rises 3% on $974M NASA contract win

Amentum (AMTM) stock experienced a 3.1% increase in premarket trading on Thursday following the company's acquisition of a $974 million contract from NASA. This agreement, known as the Center Maintenance, Operations, and Engineering II (CMOE II) contract, will see Amentum providing maintenance and engineering services at NASA's Langley Research Center in Hampton, Virginia.

The contract encompasses support for various research systems, including wind tunnels, laboratories, and research utilities. Amentum will also handle engineering services, such as design, project management, construction management, and pressure system recertification. The contract's scope extends to preventive maintenance, repairs, and central utilities operations across NASA Langley's institutional and research facilities.

Additionally, Amentum will manage infrastructure modernization efforts, such as automating laboratory systems and wind tunnel testing facilities. With a history of collaboration with NASA spanning over 60 years, the company will manage complex systems, operational processes, and capital improvements at the research center.