CENTRAL PLATEAU CLEANUP COMPANY, LLC: $946M Department of Energy Contract
Summary
Amentum Holdings ($AMTM) received a $946M task order from the Department of Energy for Hanford cleanup, representing ~12% of its annual revenue. This is a transformative contract for the pure-play environmental services company, significantly boosting its backlog and revenue visibility.
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Key Takeaways
- 1.Amentum Holdings ($AMTM) received a $946M DOE contract, ~12% of annual revenue.
- 2.This is a multi-year task order providing stable cash flows for a company with negative net income.
- 3.Subcontractors like Jacobs ($J) and Tetra Tech ($TTEK) may benefit downstream.
Market Implications
This contract is a clear positive for $AMTM, a pure-play environmental cleanup company. The $946M award (12% of revenue) could significantly improve its financial profile, potentially narrowing net losses and boosting investor confidence. Subcontractors like $J and $TTEK may also see modest benefits, but the primary impact is on AMTM. The contract's multi-year nature reduces execution risk and provides a stable backlog.
Full Analysis
- The contract: The Department of Energy awarded a $946M task order to CENTRAL PLATEAU CLEANUP COMPANY, LLC for the Hanford Central Plateau Cleanup Contract - Task Order 7 - End States & Base Ops. This is a 3-year delivery order (2024-2027) with an initial not-to-exceed value of $98M, but the total ceiling is $946M. 2) The parent company: CENTRAL PLATEAU CLEANUP COMPANY, LLC is a subsidiary of Amentum Holdings, Inc. ($AMTM). For FY2025, AMTM reported $7.9B in revenue and a net loss of $314M. This $946M contract represents ~12% of annual revenue, a massive boost for a company with negative net income. The contract's multi-year nature provides stable cash flows and improves earnings visibility. 3) Connection to legislation: While no specific bill directly authorizes this contract, the Department of Energy's environmental cleanup mission is funded through annual appropriations. The contract aligns with broader infrastructure and energy sector spending signals, though no related bills were identified in the provided data. 4) Supply chain winners: Subcontractors for Hanford cleanup typically include specialized environmental and nuclear services firms. Potential beneficiaries include Jacobs Solutions ($J), a major player in nuclear cleanup, and Tetra Tech ($TTEK), which provides environmental consulting. These smaller-cap companies could see outsized moves from subcontracting opportunities. 5) Historical pattern: Large DOE cleanup contracts like this have historically provided sustained revenue growth for prime contractors. AMTM's pure-play focus on environmental and nuclear services means this contract is a significant catalyst, likely improving investor sentiment and potentially narrowing the company's net loss.
Intelligence Surface
Cross-referenced against federal contracts, SEC insider filings & congressional trade disclosures
No confirming evidence found yet from contracts, insider trades, or congressional activity
What the bill does
Direct contract award to subsidiary CENTRAL PLATEAU CLEANUP COMPANY, LLC, a wholly owned entity of Amentum Holdings, Inc.
Who must act
Department of Energy awarding to CENTRAL PLATEAU CLEANUP COMPANY, LLC
What happens
$946M task order over 3 years, representing ~12% of AMTM's FY2025 annual revenue of $7.9B
Stock impact
This contract is a major catalyst for AMTM, a pure-play environmental cleanup and nuclear services company. It adds significant backlog and revenue visibility, directly addressing the company's negative net income by providing high-margin, long-duration work at the Hanford site.
Connected Signals
Matched on shared policy language across AI analyses, with ticker & timing weight
CENTRAL PLATEAU CLEANUP COMPANY, LLC: $1.0B Department of Energy Contract
CENTRAL PLATEAU CLEANUP COMPANY, LLC: $1.0B Department of Energy Contract
CENTRAL PLATEAU CLEANUP COMPANY, LLC: $1.0B Department of Energy Contract
CENTRAL PLATEAU CLEANUP COMPANY, LLC: $1.0B Department of Energy Contract
Related Presidential Actions
Executive orders & memoranda affecting the same sectors or companies
Restoring Reciprocity in Government Procurement
This Presidential Memorandum directs the Office of Management and Budget, the U.S. Trade Representative, and other federal agencies to identify and remove Canadian-origin items from federal civil procurement where possible, citing Canada's 'Buy Canadian' policies as discriminatory. It also requires agencies to be notified of domestic alternatives and mandates ongoing monitoring of Canada's procurement practices, with provisions for restoring access if Canada changes its policies.
Providing Meaningful Water Quality Improvements Through Collaboration and Oversight of Federal Support
This executive order revokes Executive Order 13508, which had mandated Chesapeake Bay restoration efforts, and directs federal agencies to prioritize funding for direct, on-the-ground water quality projects. It also instructs the EPA to work with states to assess and encourage the repeal of stormwater management fees (rain taxes) that have burdened residents, aiming to reduce costs while maintaining environmental progress.
Adjusting Certain Delegations Under the Defense Production Act
This proclamation amends Executive Order 13603 to share authority under the Defense Production Act for energy matters between the Secretary of the Interior and the Secretary of Energy, allowing each to act independently, and directs inter-agency dispute resolution via the National Energy Dominance Council and National Security Council, with coordination from the Department of War when national defense is implicated.
Contract Details
Recipient
CENTRAL PLATEAU CLEANUP COMPANY, LLC
Award Amount
$945,862,222
Awarding Agency
Department of Energy
Sub-Agency
Department of Energy
Contract Type
DELIVERY ORDER
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