CHANTILLY, Va.--(BUSINESS WIRE)--Jan 27, 2026--
Amentum (NYSE: AMTM) has won a suite of new contracts from Électricité de France (EDF) worth up to $730 million (£540 million), expanding the critical solutions it provides for the UK’s existing nuclear reactors as well as the construction of a new gigawatt power station at Hinkley Point.
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Loren Jones, senior vice president and head of Amentum’s Energy & Environment-International business, said: “Amentum’s expertise in gigawatt reactor operational support and life extension makes it the ideal partner for EDF, one of the world’s largest nuclear utilities.
“This award advances our strategy to accelerate the growth of our nuclear energy business in line with the opportunities being created by the worldwide nuclear resurgence.
“Amentum will deploy the skills and experience of more than 1,000 UK-based specialists to provide the full breadth of nuclear skills, solutions, and products essential to the continued operation and life extension of the UK’s existing nuclear fleet.
“A further 300 Amentum colleagues are already delivering multi-disciplinary roles across Hinkley Point C under the Professional Services Agreement. We expect this number to grow as these new contracts mature, strengthening our position to support long-term operations once the reactors come online.”
Amentum has a Lifetime Enterprise Agreement with EDF, signed in 2015, to provide strategic, long-term technical solutions for EDF's UK nuclear fleet including licensing, design and construction, modeling and analysis solutions, and laboratory and engineering test facilities. This work has enabled EDF to achieve an aggregate 38 years of life extension across the seven advanced gas-cooled reactor stations.
Mark Whitney, president of Amentum’s Energy & Environment business, added: “These new contracts build on Amentum’s differentiated position as a lead strategic partner to EDF and advance an immensely productive business relationship that dates back many decades.”
The newly awarded contracts comprise: ten-year Professional Services Agreement frameworks with Hinkley Point C; EDF Nuclear Operations and EDF Nuclear Services to support the Hinkley Point C new build programme, operating stations and their engineering capability hub; and a five-year Project Management Resources framework to support station operations, life extension and preparation for decommissioning.
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.
About Amentum in the United Kingdom
With more than 6,000 people in the UK, Amentum is the delivery partner for program, project and construction management services at Hinkley Point C; sole program and project management delivery partner at Sizewell C; and also supports the UK’s existing nuclear power stations under a Lifetime Enterprise Agreement with EDF. It is a major supplier of engineering design, safety case and project management at Sellafield and other UK nuclear decommissioning sites and operates the country’s largest private sector complex of nuclear laboratories and engineering test facilities in Warrington.
In the defence sector, Amentum has an essential role in the UK’s continuous at-sea deterrent by providing safety advice and technology services for the Royal Navy’s nuclear submarines and program management and engineering support for AWE. Amentum’s specialist teams also assist procurement and operational delivery of goods and services across the whole of the UK Ministry of Defence .
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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.
Heysham 2 Nuclear Power Station in Lancashire, England. (Image courtesy of EDF)
Iran fired missiles at Israel and some Gulf nations while explosions could be heard around Tehran and the central Iranian city of Isfahan on Friday, as the United States prepared to further reinforce its already significant military forces in the Middle East.
As the war that began Feb. 28 was to enter its sixth week, Israel, Bahrain, Kuwait warned about incoming missile fire, although it was unclear if anything was struck. Activists reported strikes around Tehran and the central city of Isfahan but it wasn’t immediately clear what was hit.
Iran’s attacks on Gulf region energy infrastructure and its tight grip on the Strait of Hormuz, through which a fifth of the world’s oil and natural gas transits in peacetime, has sent oil prices skyrocketing.
Oil prices surged while Asian financial markets rose moderately during cautious trading. Benchmark U.S. crude rose 11.4% to $111.54 a barrel. The price of Brent crude, the international standard, jumped 7.8% to $109.03 per barrel.
U.S. President Donald Trump said U.S. forces will keep hitting Iran “very hard” in the next two or three weeks.
The largest American aircraft carrier in service sailed out of Split, in Croatia and “remains poised for full mission tasking in support of national objectives in any area of operation,” the Navy’s 6th Fleet announced.
It was unclear where it was going. The USS Abraham Lincoln remains in the Arabian Sea and the USS George H. W. Bush aircraft carrier departed Norfolk on Wednesday to head to the Mideast.
Here is the latest:
Oil prices continued to surge on worries of a prolonged Iran war but the Asian markets that were open Friday rose moderately in cautious trading, while others were closed for the Good Friday holidays.
Benchmark U.S. crude rose 11.4% to $111.54 a barrel. The price of Brent crude, the international standard, jumped 7.8% to $109.03 per barrel.
The U.S. only relies on the Persian Gulf for a fraction of the oil it imports, but oil is a commodity and prices are set in a global market.
The situation is very different in Asia. Japan, for example, relies on access to the Strait of Hormuz for much of the nation’s oil import needs and would need to rely on alternative routes. But some analysts say Japan and oher nations are counting on an agreement with Iran to allow transports.
Japan’s benchmark Nikkei 225 gained 0.9% in Friday morning trading to 52,938.62. South Korea’s Kospi jumped 2.1% to 5,344.41. The Shanghai Composite sank 0.5% to 3,899.57. Trading was closed in Hong Kong, Singapore, Australia, New Zealand, the Philippines, Indonesia and India.
Wall Street, where trading is closed Friday, finished its first winning week since the start of the Iran war, although trading started out with a decline driven by a surge in oil prices.
Bangladesh is curtailing office hours and enforcing early closure of malls and shops beginning Friday to handle its energy crisis related to the war.
The country’s cabinet ordered 30% spending cuts for fuel and power at government offices, suspended some staff training and stopped purchases of new vehicles, ships and aircraft. Decorative lighting will not be allowed for celebrations.
Bangladesh, a nation of more than 170 million people, is seeking alternative fuel sources and $2.5 billion in external financing for imports, which account for 95% of its fuel.
Australian Energy Minister Chris Bowen on Friday urged motorists getting away for a long weekend during the Easter holiday to fill up in cities because most of the nation’s fuel shortages are in rural areas.
Among 2,400 gas stations in New South Wales, Australia’s most populous state, 182 had run out of diesel by Friday.
In Australia’s second-most populous state, Victoria, 76 gas stations were out of diesel. In the remaining states ranked by the most populous first, Queensland had 75 stations without diesel, Western Australia had 37, South Australia had 28 and in Tasmania there were seven.
“For those Australians planning a road trip this weekend, given our shortages are predominantly in rural and regional Australia, it makes sense to fill up in the city to help the country if you can,” Bowen said in Sydney.
The government, which blamed regional shortages on panic buying and distribution problems, is concentrating on delivering fuel to farmers for planting crops.
Palestinian Muslims attend Friday prayers outside Jerusalem's Old City due to restrictions linked to the Iran war, April 3, 2026. (AP Photo/Mahmoud Illean)
Tamara and her sister Amal color pictures on the floor as their parents, Sara and Ahmed, who fled their village of Khiyam in southern Lebanon due to Israeli bombardment, sit inside a tent used as a shelter in Beirut, Lebanon, Friday, April 3, 2026. (AP Photo/Emilio Morenatti)
A painting lies on the floor of a residential building damaged by recent U.S.-Israeli strikes in Fardis, west of Tehran, Iran, Friday, April 3, 2026. (AP Photo/Vahid Salemi)
Journalists from foreign media based in Tehran document damage from U.S.-Israeli strikes in a residential area of the town of Fardis, west of Tehran, Iran, Friday, April 3, 2026. (AP Photo/Vahid Salemi)
Mohammad Qubaisi, 53, with burn wounds from an Israeli airstrike on southern Lebanon undergoes surgery by Dr. Mohammed Ziara, left, and his team, at the Sidon Government Hospital in Sidon, Lebanon, Thursday, April 2, 2026. (AP Photo/Emilio Morenatti)
Israeli security forces and rescue teams inspect a site struck by an Iranian missile in Petah Tikva, Israel,Thursday, April 2, 2026. (AP Photo/Ohad Zwigenberg)
A newly constructed bridge struck by U.S. airstrikes Thursday is seen in Karaj, west of Tehran, Iran, Friday, April 3, 2026. (AP Photo/Vahid Salemi)
A newly constructed bridge struck by U.S. airstrikes Thursday is seen in Karaj, west of Tehran, Iran, Friday, April 3, 2026. (AP Photo/Vahid Salemi)
A bridge struck by U.S. airstrikes on Thursday is seen in the town of Karaj, west of Tehran, Iran, Friday, April 3, 2026. (AP Photo/Vahid Salemi)
Israeli security forces and rescue teams inspect a site struck by an Iranian missile in Petah Tikva, Israel,Thursday, April 2, 2026. (AP Photo/Ohad Zwigenberg)
Members from the Popular Mobilization Forces attend a funeral of fighters who were killed in a U.S. airstrike, in Tal Afar, Nineveh province, north of Baghdad, Iraq, Thursday, April 2, 2026. (AP Photo/Hadi Mizban)
A man with burn wounds from an Israeli airstrike on southern Lebanon sits on a bed at the Sidon Government Hospital in Sidon, Lebanon, Thursday, April 2, 2026. (AP Photo/Emilio Morenatti)
A boy who fled with his family following Israeli strikes in southern Lebanon sits inside the van they are using as shelter in Sidon, Lebanon, Thursday, April 2, 2026. (AP Photo/Emilio Morenatti)
President Donald Trump arrives from the Blue Room to speak about the Iran war from the Cross Hall of the White House on Wednesday, April 1, 2026, in Washington. (AP Photo/Alex Brandon, Pool)
