- In January 2026, a consortium led by Amentum won a framework contract worth up to US$207 million to provide program management and technical solutions for planning and developing up to two gigawatt-scale nuclear power plants in the Netherlands, while Amentum was also selected as program delivery partner for early Rolls-Royce SMR deployments in the UK and Czech Republic.
- Together, these projects highlight Amentum’s expanding role across both large conventional nuclear builds and emerging SMR technology, positioning it as a key player in complex, low-carbon infrastructure programs.
- We’ll now examine how Amentum’s growing nuclear program management footprint, particularly the Dutch new-build contract, influences its broader investment narrative.
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What Is Amentum Holdings' Investment Narrative?
To own Amentum today, you need to believe it can turn a young, acquisitive platform into a consistently profitable, cash-generative government and infrastructure contractor, despite a rich earnings multiple and modest forecast revenue growth. The Dutch nuclear framework and Rolls-Royce SMR roles look more like meaningful reputation and pipeline wins than near-term financial game changers against US$14.39 billion of annual sales, but they strengthen the case that Amentum can secure complex, multi-year programs in nuclear and space alongside Artemis work. That may support sentiment around earnings growth forecasts and recent share price strength, while also raising execution and contract concentration risk if these flagship programs slip or underperform. With a new board and management team and thin interest coverage, those risks now matter more, not less.
However, there is one financing-related pressure point here that investors should not ignore. Amentum Holdings' shares have been on the rise but are still potentially undervalued by 50%. Find out what it's worth.Exploring Other Perspectives
Explore 8 other fair value estimates on Amentum Holdings - why the stock might be worth 43% less than the current price!
Build Your Own Amentum Holdings Narrative
Disagree with this assessment? Create your own narrative in under 3 minutes - extraordinary investment returns rarely come from following the herd.
- A great starting point for your Amentum Holdings research is our analysis highlighting 3 key rewards and 2 important warning signs that could impact your investment decision.
- Our free Amentum Holdings research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Amentum Holdings' overall financial health at a glance.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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