After announcing last May the spin off of its critical mission solutions and cyber intelligence businesses, Jacobs said the company will respectively sell and merge parts of those lines in a deal with Virginia-based consultant Amentum.
The cash transaction, set to close by the second half of 2024, would give Jacobs shareholders up to a 63% ownership stake in Amentum while boosting the Virginia-based commercial services contractor's talent base to more than 53,000 employees, the Nov. 20 announcement from Jacobs said.