CENTRAL PLATEAU CLEANUP COMPANY, LLC: $946M Department of Energy Contract
Summary
Amentum Holdings ($AMTM) received a $946M Department of Energy task order for Hanford cleanup, with an initial $98M not-to-exceed value. This represents ~1.2% of AMTM's FY2025 revenue and reinforces its position in environmental remediation. The contract is supported by ongoing DOE environmental management appropriations.
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Key Takeaways
- 1.Amentum Holdings ($AMTM) secured a $946M DOE Hanford cleanup contract, with $98M initial funding.
- 2.The contract represents ~1.2% of AMTM's FY2025 revenue, providing multi-year revenue visibility.
- 3.No directly related legislation was identified; the contract is funded through DOE appropriations.
Market Implications
Amentum Holdings ($AMTM) is the primary beneficiary as the direct recipient. The contract reinforces its position in DOE environmental cleanup, a stable revenue stream. However, given AMTM's negative net income and net margin of -3.99%, the contract alone is not a turnaround catalyst. Investors should monitor DOE budget trends for environmental management, which could lead to additional task orders. No other publicly traded companies are directly impacted.
Full Analysis
The Department of Energy awarded CENTRAL PLATEAU CLEANUP COMPANY, LLC, a subsidiary of Amentum Holdings ($AMTM), a task order valued up to $946M for the Hanford Central Plateau Cleanup Contract. The initial not-to-exceed amount is $98M, covering end states and base operations from October 2024 through September 2027. This is a delivery order under an existing contract, indicating a continuation of work at the Hanford site, one of the largest environmental cleanup projects globally.
Amentum Holdings ($AMTM) is the publicly traded parent company, with FY2025 revenue of $7.9B and a net loss of $314M. The $98M initial obligation represents ~1.2% of annual revenue, while the full $946M ceiling is ~12% of annual revenue, providing multi-year revenue visibility. Amentum is a pure-play government services contractor, and environmental cleanup is a core segment. The contract reinforces its position as a leading DOE contractor.
No specific related bills directly authorize this contract; however, the DOE environmental management budget is funded through annual appropriations. The JROTC POWER Act (S4253) is a weak industry connection as it supports defense-related workforce development, but does not directly fund Hanford cleanup. No other bills in the provided list are relevant.
Supply chain beneficiaries include subcontractors for waste treatment and engineering services. Potential smaller-cap beneficiaries include Perma-Fix Environmental Services ($PESI) for waste treatment and EnergySolutions (private) for nuclear services. No specific publicly traded subcontractors are named in the award.
Historically, DOE environmental cleanup contracts provide stable, multi-year revenue streams for government services contractors. Amentum's predecessor companies have held Hanford contracts for decades, and this award continues that relationship. The contract structure (task order with NTE) provides predictable cash flows but limits upside surprise.
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 award recipient via subsidiary CENTRAL PLATEAU CLEANUP COMPANY, LLC
Who must act
Department of Energy to CENTRAL PLATEAU CLEANUP COMPANY, LLC (Amentum Holdings subsidiary)
What happens
Task order valued at $98M not-to-exceed for initial period, with total contract value up to $946M over 3 years; represents approximately 1.2% of AMTM's FY2025 annual revenue of $7.9B
Stock impact
Amentum Holdings is a pure-play government services contractor; this award adds to its environmental cleanup backlog, a core business segment. The $946M total value is about 12% of annual revenue, but the initial $98M NTE is ~1.2% of FY2025 revenue. Multi-year nature provides revenue visibility.
Connected Signals
Matched on shared policy language across AI analyses, with ticker & timing weight
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Executive orders & memoranda affecting the same sectors or companies
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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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