Jacobs CMS Amentum Merger 2023 Government Services Spin-off

Jacobs Engineering announces planned spin-off and merger of its Critical Mission Solutions (CMS) and Critical Infrastructure (C&I) businesses with Amentum to create a new government services leader. The transaction is intended to be tax-free to stockholders and includes cash payment to Jacobs upon completion. Jacobs intends to maintain its investment-grade credit profile post-transaction.