CHANTILLY, Va. - Amentum, a company specializing in engineering and technology solutions, has appointed Jennifer Walsmith as President of its Intelligence & Cybersecurity business, the firm announced today. Walsmith takes the helm effective immediately, overseeing the company's efforts in delivering national security, intelligence, and cybersecurity services to U.S. intelligence and defense customers.
With over three decades of experience, Walsmith comes to Amentum from Northrop Grumman (NYSE:NOC), where she held the position of general manager and vice president of the Cyber & Intelligence division. Her background includes significant roles within the National Security Agency (NSA), culminating as the agency's top acquisition executive. Her work has been recognized with multiple awards, including the National Intelligence Superior Service Medal.
Steve Arnette, Amentum's Chief Operating Officer, praised Walsmith's extensive expertise and leadership skills, noting that her addition to the team strengthens the company's position at the intersection of intelligence analysis and technology.
Walsmith's education includes a bachelor's degree in computer science from the University of Maryland, Baltimore County, and she has served on various boards and advisory councils within the intelligence and security sector.
Amentum, headquartered in Chantilly, Virginia, is known for its work with the United States and allied nations, focusing on challenges related to science, security, and sustainability. The company employs over 53,000 people across roughly 80 countries. With a current financial health score rated as 'Fair' by InvestingPro, the company maintains strong liquidity with a current ratio of 1.57, indicating solid financial stability.
The information regarding Jennifer Walsmith's appointment and Amentum's business scope is based on a press release statement.
In other recent news, Amentum, a global engineering and technology solutions provider, has made significant strides with a series of substantial contract awards and leadership reshuffling. The company secured a $279 million contract from the U.S. Air Force, a $105 million contract from the U.S. Navy, and a $3 billion contract from the Department of Energy for cleanup of the West Valley Demonstration Project in New York state. In addition, Amentum has appointed Darren Burton as its new Chief People Officer and Stephen A. Arnette as the new Chief Operating Officer.
On the analyst front, Truist Securities initiated coverage on Amentum's shares with a Buy rating, citing potential value creation following Amentum's merger with Jacobs CMS/C&I businesses. Despite beating revenue and EBITDA expectations in its first quarter as a public company, Truist expressed some skepticism due to slower bookings and stock weakness. However, the firm acknowledged the possibility of upside to management's synergy targets.
These are recent developments in the trajectory of Amentum, which investors may find noteworthy as they consider their investment decisions. It's important to rely on factual information and expert analysis when making investment decisions, rather than speculation or personal opinions.
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