Amentum has agreed to sell its Rapid Solutions hardware and product business to Lockheed Martin for $360 million in cash.
The deal, subject to regulatory approvals and closing conditions, supports Amentum’s strategy to focus on technology-enabled solutions and speeds up its debt reduction efforts, the company said.
“The divestiture of Rapid Solutions sharpens Amentum’s focus on mission critical services and reinforces our position as a global pure-play provider of advanced engineering and technology-enabled solutions,” said Adam Harrison, Amentum senior vice president of strategy and corporate development.
Rapid Solutions manufactures products that support national security missions. The business, which represents about 1% of Amentum’s annual revenue and adjusted EBITDA, produces ISR, advanced communications and tactical systems. Nearly 230 employees are expected to transition to Lockheed Martin when the sale closes.
The deal is expected to close in the second half of 2025 and generate about $325 million in after-tax proceeds. Amentum plans to provide more information during its second-quarter fiscal 2025 earnings call May 7.