Core Insights - Engine Capital Management has completely divested its position in Amentum Holdings, selling 635,255 shares for an estimated $15 million, marking a strategic exit from the investment [2][3][7] Company Overview - Amentum Holdings is currently priced at $28.88, with a market capitalization of $7 billion, trailing a revenue of $14.4 billion and a net income of $66 million over the trailing twelve months [5] - The company specializes in mission-critical services, including missile defense, IT and engineering for defense and space, environmental remediation, and advanced cyber and intelligence solutions [9][10] Financial Performance - Amentum reported a strong fourth quarter with $3.9 billion in revenue, $300 million in adjusted EBITDA, and $261 million in free cash flow, while expanding its backlog to $47.1 billion and reducing net leverage [11] - The company has multi-year contract visibility and fiscal year 2026 guidance suggests potential revenue of up to $14.3 billion and free cash flow of as much as $575 million, indicating long-term appeal [12] Market Position - Amentum serves U.S. government agencies, defense and intelligence clients, and energy sector organizations, positioning itself as a key partner in critical mission solutions and advanced cyber capabilities [10] - The stock has shown volatility since its public-market debut last September, but the underlying growth trajectory remains intact, driven by mission-critical spending across defense, space, nuclear, and digital infrastructure [12]