Amentum Completes $360 Million Divestiture of Rapid Solutions to Lockheed Martin

MT Newswires Live06-27

Amentum (AMTM) said Thursday that it has completed its divestiture of Rapid Solutions to Lockheed Martin (LMT) for $360 million in cash.

The company said the transaction advances Amentum's strategy to become a pure provider of technology solutions and improves its finances.

Lockheed Martin said in a separate statement that it will integrate the Rapid Solutions team and its portfolio of intelligence, surveillance, and reconnaissance technologies into its space business.

Shares of Amentum were up 1.9% in after-hours activity.

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