Amentum-led Consortium Wins $207 Million Contract from Dutch Government for New Nuclear Program

CHANTILLY, Va.--(BUSINESS WIRE)--Jan 22, 2026--

A consortium led by Amentum (NYSE: AMTM) has won a new contract to provide program management and technical solutions for planning and development of nuclear new build in the Netherlands.

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The NEXUS-NL consortium, comprising Amentum, Arcadis, Tractebel, and NRG PALLAS, will work on the development of up to two new gigawatt-scale power plants to support the nation’s strategies for decarbonization and energy security and will support the Nuclear Energy Organisation Netherlands (NEO NL), which will be established next month.

Valued at a maximum of $207 million (€180 million), the two-year framework agreement, with options for three additional one-year extensions, was awarded by the Ministry of Climate Policy and Green Growth. In the initial phase, the consortium will oversee site characterization, technology selection, and planning work scope for site enabling, utility connections and transportation links.

“This award advances our strategy as a leader in gigawatt-scale nuclear new build around the world, based on our deep technical knowledge and unmatched expertise in program and project management,” said Mark Whitney, president of Amentum’s Energy & Environment business. “Amentum will bring global project delivery expertise and apply our experience from complex nuclear infrastructure and new build programs in the U.S., Europe and the Middle East to support the Netherlands’ nuclear power expansion plans.”

In a statement, the Dutch Ministry of Climate Policy and Green Growth said: “We are confident that the NEXUS-NL consortium can perform the role as Technical Support Organisation excellently due to its extensive expertise and experience, both in the international nuclear domain and in the Dutch context.”

Amentum will contribute its expertise in managing large nuclear new-build programs, including setting up a project management office, technology selection, design and engineering expertise and commercial and procurement strategies.

Arcadis will focus on siting studies, conventional licensing, and permitting.

Tractebel will bring its owner’s engineering experience to define technical requirements for technology selection and will lead front-end engineering design studies.

NRG PALLAS will offer specialized Dutch nuclear expertise from the PALLAS-reactor program, particularly on key interfaces between nuclear and conventional licensing.

The Dutch government has identified nuclear energy as a key enabler of its policy to achieve climate neutrality in the energy supply by 2040.

About Amentum

Amentum is a global leader in advanced engineering and innovative technology solutions, trusted by the United States and its allies to address their most significant and complex challenges in science, security and sustainability. Our people apply undaunted curiosity, relentless ambition and boundless imagination to challenge convention and drive progress. Our commitments are underpinned by the belief that safety, collaboration and well-being are integral to success. Headquartered in Chantilly, Virginia, we have approximately 50,000 employees in more than 70 countries across all 7 continents.

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About Arcadis

Arcadis is a leading global partner driving some of the most transformative projects of our time. We help clients make sustainable choices by combining digital innovation, human expertise, and future-focused skills across environment, energy, water, buildings, transport, and infrastructure sectors. Taking design, engineering, architecture and consultancy to the next level, we use data-driven insights to co-create environments that reflect our clients’ business and stakeholder needs. With over 35,000 people, we unite global expertise to tackle challenges like climate, energy security and diversification, and livable cities, improving quality of life through our presence in 30+ countries. In 2024, we achieved €5.0 billion in gross revenues. Learn more at www.arcadis.com

About Tractebel

Tractebel is a global engineering and consulting company delivering integrated solutions for sustainable energy and built environment projects. Our expertise is trusted worldwide across multiple markets like nuclear, renewables, power & gas, electrical grids, hydropower & dams, water resources & supply, desalination, complex & high-tech buildings, transport infrastructures, and ports & waterways.

By connecting strategy, design, engineering, social & environmental studies, project management and in-house digital applications, we partner with companies and public authorities to create a positive impact on people and planet.

Backed by more than 150 years of experience, today Tractebel is a community of over 5,000 passionate experts across the globe, committed to ethical business and the fight against climate change. Tractebel is part of the ENGIE Group, a global reference in low-carbon energy and services.

About NRG PALLAS

At NRG PALLAS, we are committed to the health and well-being of people, enabling them to live longer and more vital lives. Advanced nuclear technology provides solutions that make breakthroughs possible in healthcare and clean, sustainable energy. With the PALLAS-reactor as the new centerpiece of our future-proof infrastructure, we ensure the safe availability of the entire nuclear cycle and promote nuclear technology for a better future.

Forward-Looking Statements

This press release contains or incorporates by reference statements by Amentum Holdings, Inc. (the “Company”) that relate to future events and expectations and, as such, constitute “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements may be characterized by terminology such as “believe,” “project,” “expect,” “anticipate,” “estimate,” “forecast,” “outlook,” “target,” “endeavor,” “seek,” “predict,” “intend,” “strategy,” “plan,” “may,” “could,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” or the negative thereof or variations thereon or similar terminology generally intended to identify forward-looking statements. All statements, other than historical facts, including, but not limited to, statements regarding the anticipated work and revenue under the awarded contract, and the Company’s objectives, expectations and intentions, applicable legal, economic and regulatory conditions, and any assumptions underlying any of the foregoing, are forward-looking statements.

A number of important factors could cause actual results to differ materially from those contained in or implied by these forward-looking statements, including those factors discussed in our filings with the Securities and Exchange Commission (SEC), including, among others: the occurrence of an accident or safety incident; the ability of the Company to control costs, meet performance requirements or contractual schedules; and other factors set forth under Item 1A, Risk Factors in our Annual Report on Form 10-K for the fiscal year ended September 27, 2024, which can be found at the SEC’s website at www.sec.gov or the Investor Relations portion of our website at www.amentum.com. Any forward-looking statement speaks only as of the date on which it is made, and the Company assumes no obligation to update or revise such statement, whether as a result of new information, future events or otherwise, except as required by applicable law.

A fuel storage pool at the Netherlands’ existing nuclear power plant. (Image courtesy of Het Ministerie van Klimaat)

NEW YORK (AP) — Tomatoes, ubiquitous in everything from fast-food burgers to haute cuisine, are taking on a new role beyond the plate: A nagging reminder of rising costs.

Prices for those red orbs have soared more than any other food product over the past year to cement a spot as one of the consumer headaches du jour.

“The tomato has become a symbol of something much deeper,” says Isaac Bernal Carbajo, a New York City chef who lamented life's “simplest pleasures” falling victim to price increases. “Something as basic as buying fresh vegetables is starting to become a serious financial decision for many families.”

Tomato prices are up about 40% over a year ago, according to the latest Consumer Price Index, dwarfing increases for other groceries, including coffee (up 18.5%), beef roasts (up 17.8%) and frozen fish and seafood (up 12%), among other products that have become symbols of America’s affordability squeeze.

A separate inflation gauge released Thursday showed that overall prices increased 3.8% in April from a year earlier, the highest reading in nearly three years.

Alongside crop yields, experts blame price increases for tomatoes, in part, on two pillars of President Donald Trump’s second-term policies: the Iran war and tariffs. The war spiked gas prices and increased shipping costs. Meantime, the U.S. withdrew from a deal allowing duty-free imports of tomatoes from Mexico, which grows most of America's supply.

Usha Haley, a Wichita State University economist, says it's “a perfect storm of trade policy, extreme weather and Mideast policy.”

American tomato farmers cheered the withdrawal from the tomato deal last July, saying it would help rebuild their shrinking industry. But for consumers, it's been painful. Though the U.S. withdrew from the Mexico tomato deal in July, it took time to see the impact in the produce aisle, with more imports in late winter and early spring.

When the tomatoes arrived, they were slapped with a 17% tariff.

“Tariffs are undeniably a big driver of the price inflation,” says Brett Massimino, a Virginia Commonwealth University business professor. “Because the U.S. relies on Mexico for the majority of its tomato supply, any changes in trade policy can have a large impact.”

U.S. tariffs collected on tomatoes ballooned from just $16,424 in 2024 to nearly $4.6 million, according to federal data, a staggering 27,879% increase.

As the cost trickles down, outraged shoppers have pulled out their phones in the produce aisle, shooting videos lamenting costs they said quadrupled, with some vowing to plant a garden to avoid prices of up to $8 a pound. But the impact has been most pronounced for businesses that rely on tomatoes as a key ingredient in their kitchens.

MarginEdge, which tracks prices for restaurants, says grape tomatoes have increased most — 65% in just a month — but prices have gone up across all types of tomatoes.

Phillip Coles, a professor of supply chain management at Lehigh University, says prices should drop later in the year when domestically grown tomatoes are harvested. Higher prices, he says, will also “induce farmers to increase planting to meet the demand, but this takes longer because of the lead time.”

Meantime, it's translating to a big hit for businesses like Snarf’s Sandwiches, which puts a tomato in nearly every sandwich it makes.

Wayne Humphrey, chief operating officer of Snarf’s, which operates dozens of stores in Colorado, Missouri and Texas, said cases of tomatoes went from costing him $27 to $93 in the space of a year, piled on top of rising expenses for other ingredients including bread and beef, as well as increased labor costs.

“That single ingredient now costs us more than $1.7 million in additional spend annually,” says Humphrey. “The math is getting harder to ignore.”

Associated Press writer Dee-Ann Durbin contributed to this report. Matt Sedensky can be reached at msedensky@ap.org and https://x.com/sedensky

Tomatoes await customers on the shelves of a supermarket in New York on Tuesday, May 26, 2026. (AP Photo/Matt Sedensky)

Tomatoes await customers on the shelves of a supermarket in New York on Tuesday, May 26, 2026. (AP Photo/Matt Sedensky)