CHANTILLY, Va.--(BUSINESS WIRE)--Mar 10, 2026--
A joint venture led by Amentum (NYSE: AMTM) has won a new framework contract as the lead decommissioning and waste management contractor for nuclear research sites in four European countries.
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Under the $112 million (€95.7 million) contract, awarded by the European Commission Joint Research Centre (JRC), the Amentum-led JV will provide decommissioning solutions to accelerate the cleanup efforts of JRC sites in Ispra (Italy), Karlsruhe (Germany), Geel (Belgium) and Petten (The Netherlands).
“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. “We will leverage decommissioning and waste management techniques developed at the world’s most complex nuclear sites, integrating innovative solutions to complex technical and project management challenges. Additionally, our strong ties to regulatory authorities across the European Union will serve as a vital asset in ensuring success.”
For more than 60 years, the JRC sites have addressed complex challenges in areas such as nuclear decommissioning, innovation, safeguards and non-proliferation by conducting research, providing scientific advice and supporting European Union policy makers.
The decommissioning and waste management contract will cover structures such as research reactors, hot cells, accelerators, laboratories and other infrastructure where radioactive substances have been handled.
The work will be delivered by an Amentum-led joint venture with WSP Italia, supported by sub-contractors TUV Rheinland and Protection Solution SRL. The JV’s scope of work includes licensing, radioactive waste management, radiation protection, decommissioning and nuclear engineering, worksite management and safety, non-nuclear engineering, facility supervision and quality assurance.
The JRC contract has a duration of two years with three potential two-year extensions.
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.
In Europe, Amentum has more than 6,500 people driving the nuclear resurgence in the UK, France, Poland, Slovakia and the Netherlands. Key nuclear energy programs include Hinkley Point C, Sizewell C and Rolls-Royce SMR in the UK, ITER in France, and advising the Polish and Dutch governments on nuclear new build. To support its European customers, Amentum also operates the UK’s largest private sector complex of nuclear laboratories and engineering test facilities.
Visit us at www.amentum.com to learn how we advance the future together.
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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.
Pavol Stuller, Amentum’s European Development Director, and Laurent Jerrige, JRC Director for Nuclear Decommissioning, signing the contract.
Iranian fired drones towards Saudi Arabia and Kuwait early Tuesday as U.S. President Donald Trump sent contradictory signals about how long the war could last, fueling uncertainty that’s causing markets to swing.
The Saudi Defense Ministry said it has destroyed drones over the kingdom’s oil-rich eastern region, while in Kuwait, the National Guard said it shot some down in the county’s northern and southern areas.
Iran’s latest attacks on neighboring Gulf States come as Trump late Monday told Republican lawmakers that the war was likely to be a “short excursion,” but hours later threatened in a post on social media that the U.S. would dramatically increase attacks if Iran tried to close the Strait of Hormuz.
In an apparent response to Trump’s remarks published in Iranian state media, a spokesperson for the paramilitary Revolutionary Guard, Ali Mohammad Naini, said “Iran will determine when the war ends.”
Here is the latest:
Thailand’s Prime Minister Anutin Charnvirakul told government agencies and state companies to begin having staff not in public facing roles to work from home.
The government said Tuesday that Thailand was also suspending overseas training and study trips.
The announcement comes as countries in Southeast Asia move to counter disruptions to oil and gas supplies from the war in the Middle East.
The Vietnamese government ordered similar measures, but also urged people to limit private use of their vehicles.
Fuel prices have climbed and long lines have formed outside filling stations as drivers and motorcycle riders rush to ensure they can fill their tanks.
Iran’s parliament speaker on Tuesday dismissed any suggestion Tehran sought a ceasefire in the war.
“We are definitely not looking for a ceasefire; we believe that the aggressor should be punched in the mouth so that he learns a lesson so that he will never think of attacking our beloved Iran again,” Mohammad Bagher Qalibaf wrote on X.
“The Zionist regime sees its shameful existence in the continuation of the cycle of ‘war-negotiation-ceasefire and then war again’ to consolidate its dominance. We will break this cycle,” he wrote.
The Israeli military said Tuesday it killed three Palestinians in Gaza late Monday.
The Palestinians approached Israeli troops near the temporary line that Israel withdrew to at the start of the October 2025 ceasefire. The Yellow Line marks the Israel-controlled area in eastern Gaza.
Since the start of the ceasefire, at least 80 Palestinians have been killed near the Yellow Line after the Israeli military accused them of approaching and endangering soldiers.
Israel’s military said it detected an Iranian missile launch targeting the country Tuesday morning.
Sirens were heard in Jerusalem and explosions could be heard in Tel Aviv as Israel’s military worked to intercept the fire.
India’s oil ministry has set up a committee to review supplies of commercial cooking gas as the hospitality sector experiences a shortage of liquefied petroleum gas cylinders.
India relies heavily on oil and gas shipped through the Strait of Hormuz. Iran has attacked several ships in the strait and threatened any ships that try to pass through, effectively closing it.
Industry groups in India say restaurants in some major cities including Mumbai and Bengaluru are struggling to secure cooking gas cylinders. They warn some eateries could shut within days if supplies are not restored.
Indian authorities have prioritized LPG supplies for household use, tightening availability for commercial users such as hotels and restaurants.
Azerbaijan has sent humanitarian aid to Iran, Azerbaijani officials said Monday.
The aid includes 10 tons of flour, six tons of rice, more than two tons of sugar, over four tons of water, about 600 kilograms of tea and about two tons of medicines and medical supplies, according to officials.
The move comes after tensions spiked between Baku and Tehran last week when Azerbaijan accused Iran of firing drones at its Nakhchivan exclave, an allegation Tehran denies.
Azerbaijan also has increased military and economic ties with Israel.
Iran’s judiciary is warning its local media about what and how it reports as the war with Israel and the United States goes on.
That was a comment made by judiciary spokesman Asghar Jahangir as reported by the state-run IRNA news agency.
It said Jahangir said local outlets “that did not comply with security issues and had taken videos and photos of certain places solely for the purpose of informing were given the necessary warnings.”
“If this happens again, the necessary legal measures will be taken,” he said, without elaborating.
Iran has shut off the internet during the war and may be restricting reporting to hide what has been struck so far.
Turkey’s Defense Ministry said Tuesday the Patriot missile defense system is being deployed in Malatya province, which hosts a NATO radar base.
The move follows NATO defenses intercepting a second ballistic missile fired from Iran that entered Turkish airspace Monday.
The Israeli military on Tuesday reiterated the call for all residents of southern Lebanon to evacuate their homes as it planned to “operate forcefully” in the southern area against Hezbollah.
Israel issued similar warnings during its war with Hezbollah in 2003-2024, displacing hundreds of thousands of people.
The Iraqi military has condemned an attack early Tuesday on a camp for an umbrella of Iranian-backed groups in northern Iraq.
The airstrike on 40th Brigade of the Popular Mobilization Forces in the city of Kirkuk killed five and wounded four, according to two officials who spoke on condition of anonymity because they were not authorized to brief reporters.
The military described the strikes as “a blatant targeting of Iraq.”
Iraq for years has had to walk a tightrope between the U.S. and Iranian-allied Shiite groups, including some that are part of the government.
The Israeli military said Tuesday it had completed a series of strikes targeting Hezbollah’s financial arm, al-Qard Al-Hasan.
Israel says Hezbollah uses al-Qard al-Hasan to finance its military activities.
Israel targeted several of the group’s branches in southern and eastern Lebanon last week.
Saudi Arabia’s oil giant Aramco reported 2025 profits of $104 billion, down from the year before as the Iran war has seen its fields and facilities targeted.
Aramco released its annual results Tuesday. It planned to brief investors later in the day as the war that began Feb. 28 has seen Iranian drones and missiles target its facilities.
Aramco, formally known as the Saudi Arabian Oil Co., reported profits of $110 billion in 2024.
Aramco said its 2025 revenues were $445 billion, down from $480 billion in 2024.
The United Arab Emirates will lower the volume of missile alerts sent to mobile phones in the overnight hours.
The UAE’s National Emergency Crisis and Disasters Management Authority made the announcement late Monday night, saying that the loud blaring alarm would sound on phones from 9 a.m. until 10:30 p.m.
A standard text message chime would sound from 10:30 p.m. until 9 a.m., it said.
The blaring klaxon had sounded in the middle of the night since the war began Feb. 28. The change in the alerts signals how Gulf Arab states are trying to adjust to the idea of the war grinding onward as there’s no immediate sign of an end to the conflict.
Egypt hiked fuel prices by up to 17% on Tuesday as the war in the Middle East sent prices of oil soaring.
According to the Petroleum Ministry the cost of a liter of diesel, which is heavily relied on for public transport, increased by more than 17%. The price of the 92-octane gasoline rose by 15% and 95-octane gasoline increased by 14%.
The war has hit Egypt hard. The most populous Arab country, Egypt depends heavily on imported fuel. The Egyptian pound fell to a record low, trading at over 52 to the US dollar on Monday.
To mitigate impact of the war, the government announced a series of measures, including reducing official overseas trips and tightening fuel consumption across sectors.
The paramilitary Revolutionary Guard said on Tuesday that the end of the war will be determined by Iran.
Spokesperson Ali Mohammad Naini said in a statement published in various Iranian state media and apparently in response to Trump’s remarks Monday that “Iran will determine when the war ends.”
The U.S. president pledged aggressive action against Iran if it continues to block the shipment of oil in the Strait of Hormuz.
“If Iran does anything that stops the flow of Oil within the Strait of Hormuz, they will be hit by the United States of America TWENTY TIMES HARDER than they have been hit thus far,” Trump posted on social media. “Additionally, we will take out easily destroyable targets that will make it virtually impossible for Iran to ever be built back, as a Nation, again — Death, Fire, and Fury will reign upon them — But I hope, and pray, that it does not happen!”
The president said his threat was a “gift” to China, among other nations, because it relies on oil from the Middle East.
Flames rise from an oil storage facility south of the capital Tehran as strikes hit the city during the U.S.–Israel military campaign, Iran, Saturday, March 7, 2026. (AP Photo/Vahid Salemi)
Iraqis hold a portrait of the new successor to Supreme Leader, Ayatollah Mojtaba Khamenei at a bridge leading to the fortified Green Zone where the U.S. embassy is located in Baghdad, Iraq, Monday, March 9, 2026. (AP Photo/Hadi Mizban)
A coffin is carried during the funeral of mostly children killed in a strike Feb. 28 at a girls' elementary school in Minab, Iran, Tuesday, March 3, 2026. (Abbas Zakeri/Mehr News Agency via AP)
This image taken from video provided by Iran state TV shows Mojtaba Khamenei, a son of Iran's slain supreme leader, who has been named as the Islamic Republic's next ruler, authorities announced Monday, March 9, 2026. (Iran state TV via AP)
