Amentum Holdings Inc. (NYSE:AMTM) announced Tuesday that a joint venture it leads has secured a $112 million (95.7 million euros) framework contract to support nuclear decommissioning and waste management at research facilities across Europe.
The contract was awarded by the European Commission’s Joint Research Centre (JRC) and covers cleanup work at JRC sites in Ispra, Italy; Karlsruhe, Germany; Geel, Belgium; and Petten, the Netherlands. The project includes facilities such as research reactors, hot cells, accelerators, and laboratories where radioactive materials were handled.
Company Cites Track Record
“Amentum’s robust track record of delivering European-funded projects on time and on budget in multiple countries, including prior experience working at JRC Ispra, made us the ideal choice for this contract,” said Loren Jones, senior vice president and head of Amentum’s Energy & Environment-International business.
The work will be delivered with WSP Italia, supported by TUV Rheinland and Protection Solution SRL, covering licensing, radioactive waste management, radiation protection, and nuclear engineering.
The contract runs two years, with three optional two-year extensions.
Technical Analysis
Currently, Amentum is trading 1.75% below its 20-day simple moving average (SMA) and 6.87% above its 100-day SMA, indicating some short-term weakness but longer-term strength.
Shares have increased 63.25% over the past 12 months and are currently positioned closer to their 52-week highs than lows, suggesting a strong upward trend in the longer term.
The RSI is at 43.70, which is considered neutral territory, indicating that the stock is neither overbought nor oversold. Meanwhile, MACD is at -0.7544, below its signal line at -0.7491, indicating bearish pressure on the stock.
The combination of neutral RSI and bearish MACD suggests mixed momentum for Amentum Holdings.
- Key Resistance: $32.50
- Key Support: $28.00
Earnings & Analyst Outlook
Amentum Holdings is expected to provide its next financial update on May 5, 2026.
- EPS Estimate: 56 cents (Up from 53 cents)
- Revenue Estimate: $3.47 billion (Down from $3.49 billion)
- Valuation: P/E of 75.8x (Indicates premium valuation)
Analyst Consensus & Recent Actions: The stock carries a Neutral Rating with an average price target of $34.50. Recent analyst moves include:
- RBC Capital: Sector Perform (Raises Target to $35.00) (Feb. 11)
- BTIG: Buy (Maintains Target to $35.00) (Feb. 11)
- UBS: Neutral (Raises Target to $37.00) (Jan. 15)
Benzinga Edge Rankings
Below is the Benzinga Edge scorecard for Amentum Holdings, highlighting its strengths and weaknesses compared to the broader market:
- Value: 16.01 — Trading at a steep premium relative to peers.
- Momentum: 85.86 — Stock is outperforming the broader market.
The Verdict: Amentum Holdings’ Benzinga Edge signal reveals a classic ‘High-Flyer’ setup. While the Momentum (85.86) confirms the strong trend, the extremely low Value (16.01) score warns that the stock is priced for perfection—investors should ride the trend but use tight stop-losses.
Top ETF Exposure
- iShares S&P SmallCap 600 Value ETF (NYSE:IJS): 0.70% Weight
- State Street SPDR S&P 600 Small Cap Value ETF (NYSE:SLYV): 0.71% Weight
- Invesco S&P SmallCap 600 Revenue ETF (NYSE:RWJ): 1.00% Weight
Significance: Because AMTM carries meaningful weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.
AMTM Price Action: Amentum Holdings shares were down 0.36% at $30.19 during premarket trading on Tuesday, according to Benzinga Pro data.
Photo via Shutterstock
This article Amentum Wins $112 Million EU Deal To Clean Up Europe's Oldest Nuclear Research Sites originally appeared on Benzinga.com
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