Amentum Holdings announced a €95.7 million framework contract from the European Commission Joint Research Centre (JRC) to provide decommissioning and waste‑management services for four former nuclear research sites across Europe.
The joint venture, led by Amentum and partnered with WSP Italia, will manage the cleanup of the Ispra site in Italy, the Karlsruhe site in Germany, the Geel site in Belgium, and the Petten site in the Netherlands. Subcontractors TUV Rheinland and Protection Solution SRL will support the work.
The contract carries an initial two‑year term with options for three additional two‑year extensions, giving Amentum a multi‑year revenue stream that strengthens its backlog, which stood at more than $47 billion as of Q1 2026.
Amentum’s senior vice president for Energy & Environment‑International, Loren Jones, said the company’s experience on JRC projects and its ability to integrate advanced decommissioning techniques made it the preferred partner for the JRC’s European cleanup agenda.
The win aligns with Amentum’s strategy to grow in mission‑critical engineering markets, particularly nuclear and space, and adds a high‑margin segment to its portfolio. It also supports the company’s goal of expanding its international footprint and reinforcing its position in the European nuclear remediation market.
Analysts shifted the consensus rating for Amentum to Buy on March 10, reflecting confidence in the company’s continued growth in high‑demand sectors, although the firm remains cautious about valuation levels.
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