Jacobs Completes Final Steps in CMS Separation Transaction with Amentum Holdings

On April 10, 2025, Jacobs (NYSE: J) announced a significant milestone in its ongoing transition following the separation of its Critical Mission Solutions (CMS) and Cyber Intelligence divisions from Amentum Parent Holdings LLC. The completion of this transaction has resulted in Jacobs receiving $70 million in cash along with 7,299,065 shares of common stock in Amentum Holdings, Inc. (NYSE AMTM). This represents the final determination of post-closing adjustments as stipulated in the separation agreements.

The funds from this transaction have been utilized to reduce Jacobs' outstanding debt, highlighting the company's focus on strengthening its financial position. Moreover, Jacobs plans to distribute the shares of Amentum to its shareholders, dually affirming its commitment to maximizing shareholder value. These shares constitute 3% of Amentum's total outstanding shares, and the distribution will occur on a pro-rata basis, pending approval from Jacobs’ Board of Directors, with the specific record date to be determined.

The completion of these adjustments marks the end of the CMS Separation Transaction, save for some ongoing transition services and customary post-closing support. This strategic move enables Jacobs to focus on delivering innovative solutions for the most complex challenges the world faces today.

About Jacobs

Jacobs is a global leader in providing sustainable solutions across various sectors, including advanced manufacturing, energy, environmental services, and transportation. With an annual revenue exceeding $12 billion and a dedicated team of nearly 45,000 professionals, Jacobs prides itself on its capability to navigate the complexities of modern-day challenges, creating a more connected and sustainable future. The company's breadth of services covers everything from advisory and consulting to lifecycle management.

Jacobs continues to maintain transparency with its investors and stakeholders by regularly updating them through various channels, including SEC filings and its corporate website. The firm actively encourages those interested to monitor these channels for crucial disclosures.

Forward-Looking Statements

Certain statements in this release are classified as forward-looking under the Private Securities Litigation Reform Act of 1995. These statements reflect reasonable expectations based on current information but carry inherent uncertainties. Terms such as “expects,” “anticipates,” and “plans” indicate that certain projections may vary in the future. Several variables, ranging from project funding timelines to legislative changes affecting taxation, could significantly influence actual results.

Conclusion

The successful execution of the CMS Separation Transaction not only reinforces Jacobs’ strong financial foundation but also positions the company to harness new opportunities in the evolving market landscape. With a clear commitment to innovation and stakeholder engagement, Jacobs is well-positioned to tackle the challenges of tomorrow, ensuring sustainable growth and progress for all.

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