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Business/Financial

Amentum To Merge With Jacobs’ Government Biz, Creating Publicly-Traded Company

Defense Daily Staff

Tuesday, November 21st, 2023

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In a deal rumored for weeks, two of the largest players in the Department of Energy’s weapons complex will merge into a public company majority-owned by Jacobs [J] shareholders. Virginia-based government contractor Amentum said late Monday it reached a deal to combine with the government operations business of Dallas-based Jacobs Solutions and create a new $13-billion, publicly-traded company with 53,000 employees worldwide. In a press release, Amentum said it was merging with Jacobs Critical Mission Solutions and Cyber and Intelligence…

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