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Wire

Amentum to Provide Cybersecurity Engineering Services to Upgrade UK's Power Grid

Amentum (AMTM) will serve as the exclusive provider of cybersecurity engineering services to digitize and secure the UK's power grid operations after securing positions on two energy framework contracts by Scottish and Southern Electricity Networks Transmission, the company said Tuesday.Financial details weren't provided.The three-year agreements extend security architecture work Amentum has performed for the transmission system operator since 2022, it said.Price: $20.09, Change: $+0.10, Percent Change: +0.50%

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Wire

Amentum Likely Weighed by Legacy Business, RBC Says

Amentum (AMTM) will struggle to get credit for business development and growth outlook while its legacy business weighs on growth, RBC Capital Markets said in a Tuesday note.The report said its fiscal Q3 results were largely in line with expectations. The note also said fiscal 2026 revenue guidance was lowered slightly while its initial fiscal 2027 outlook showed a step-down in organic growth.The note said its de-leveraging, margin expansion, and exposure to growth markets are a positive."However, we continue to view revenue growth as a key metric for investors, and believe the initial FY27 outlook will not support a material multiple re-rating," the note said.The note also said a key risk is the funding levels of the broader US federal government, with about 80% of revenue derived from the US government.RBC retained a sector perform rating while lowering its price target to $26 from $28.Price: $22.07, Change: $-0.36, Percent Change: -1.60%

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Wire

Amentum Needs Revenue Growth to Re-rate Higher, Morgan Stanley Says

Amentum's (AMTM) fiscal Q3 revenue growth missed estimates, and although profitability continues to improve, revenue growth must accelerate for the stock to re-rate higher, Morgan Stanley said Tuesday in a note.The company's topline challenges continued as organic revenue growth of 1% fell short of Street expectations of 3%, driven by business delays and protests that led Amentum to lower its fiscal 2026 revenue guidance by 2%, according to the note.The company's preliminary fiscal 2027 guidance calls for 0% to 1% revenue growth, versus Morgan Stanley's estimate and Street consensus of 4%. Revenue is expected to be impacted by NASA insourcing and select client exits, the note added.Excluding the NASA headwind and client exits, Amentum expects to achieve mid-single-digit normalized growth in fiscal 2027, according to the firm. However, given the recent headwinds, the brokerage said it will wait for acceleration in growth.Morgan Stanley believes the company has a "highly attractive and unique" end-market base, including Nuclear Generation, Space, and Critical Digital Infrastructure, accounting for about 30% of its portfolio.Morgan Stanley kept an equalweight rating on Amentum and lowered its price target to $24 from $30.Price: $21.98, Change: $-0.45, Percent Change: -2.03%

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Wire

Amentum's Fiscal Q3 Adjusted Earnings, Revenue Rise; Fiscal 2026 Revenue Guidance Lowered

Amentum (AMTM) reported fiscal Q3 adjusted earnings Monday of $0.67 per diluted share, up from $0.56 a year earlier.Analysts surveyed by FactSet expected $0.61.Revenue for the fiscal quarter ended July 3 was $3.49 billion, up from $3.56 billion a year ago. Analysts expected $3.57 billion.For fiscal 2026, the company raised its guidance for adjusted EPS to now be between $2.40 and $2.50 from the prior outlook of between $2.25 and $2.45. Revenue guidance was lowered to now be between $13.80 billion and $13.95 billion, from the prior outlook of between $13.95 billion and $14.30 billion. Analysts expect adjusted EPS of $2.42 on revenue of $14.14 billion.Shares of Amentum fell more than 5% in recent Tuesday's premarket activity.Price: $22.99, Change: $-1.45, Percent Change: -5.93%

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Wire

Update: Amentum Shares Rise After Ascend Joint Venture Wins NASA COSMOS Contract

(Updates to add the company's latest stock move in the headline and in the first paragraph.)Amentum (AMTM) shares were up 2% in Tuesday trading after the company said its Ascend joint venture with Aerodyne Industries won NASA's Consolidated Spaceflight Mission Operations and Systems contract for an undisclosed amount.The venture will deliver mission operations, systems, and training for NASA's Flight Operations Directorate at the Johnson Space Center in Houston, Amentum said Tuesday in a statement.Work under the contract will support several major NASA programs, including Orion, the Space Launch System, International Space Station operations, astronaut training, the Commercial Crew Program, and Artemis. Amentum said.Price: $20.63, Change: $+0.40, Percent Change: +1.98%

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Wire

Amentum's Ascend Joint Venture Wins NASA COSMOS Contract

Amentum Holdings (AMTM) said its Ascend joint venture with Aerodyne Industries won NASA's Consolidated Spaceflight Mission Operations and Systems contract for an undisclosed amount.The venture will deliver mission operations, systems, and training for NASA's Flight Operations Directorate at the Johnson Space Center in Houston, Amentum said Tuesday in a statement.Work under the contract will support several major NASA programs, including Orion, the Space Launch System, International Space Station operations, astronaut training, the Commercial Crew Program, and Artemis. Amentum said.Price: $20.58, Change: $+0.35, Percent Change: +1.73%

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Research

BNP Paribas Initiates Amentum Holdings at Underperform With $22 Price Target

Amentum Holdings (AMTM) has an average rating of overweight and mean price target of $33.50, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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