Amentum in Talks for Massive AI Data Center at Savannah River Site
AMTM is trading near its 52-week low of $19.802 (6.5% above the low) on light trading volume (0.2× avg).
Summary
Amentum has been selected by the NNSA to negotiate a phased lease for a 1 GW AI data center with 2 GW of on-site energy at the Savannah River Site. The project would initially use natural gas before transitioning to advanced nuclear, positioning Amentum at the intersection of AI, energy, and national security. This is a significant new public-private partnership that could materially expand the company's backlog and revenue base. The announcement follows strong Q2 results and a recent NASA contract, reinforcing a positive operational trend. Shares rose modestly on the news.
At the time of this announcement, AMTM was trading at $21.08 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $5.2B. The 52-week trading range was $19.80 to $38.11. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BayStreet.