Amentum completes sale of Rapid Solutions for $360M

Chantilly-based government contractor Amentum has completed the sale of its hardware and product business, Rapid Solutions, to Fortune 500 aerospace company Lockheed Martin for $360 million.

The companies announced the closure of the transaction on June 26. Amentum previously said the sale would accelerate debt reduction and generate approximately $325 million in after-tax proceeds. About 230 employees will transition to Lockheed Martin upon close of the sale, according to information released in April from Amentum.

“We’re excited to officially welcome Rapid Solutions to the Lockheed Martin team,” said Lockheed Martin Space President Robert Lightfoot in a statement. “Its highly skilled workforce and key radar and payload technology will play an integral part in Lockheed Martin’s ability to anticipate customer needs and maintain national security infrastructure.”

Rapid Solutions manufactures products that aid national security, including advanced communications and tactical systems. Lockheed Martin says its space-based systems, combined with space and air radar capabilities from Rapid Solutions, will enhance President Donald Trump’s proposed nationwide “Golden Dome” missile defense system.

Before the sale, Rapid Solutions accounted for approximately 1% of Amentum’s annual revenues and adjusted earnings before interest, taxes, depreciation and amortization. In December 2024, Amentum reported about $8.4 billion in revenue for fiscal 2024.

Amentum has more than 53,000 employees in approximately 80 countries across all seven continents. The company was founded as a spinout of AECOM’s Management Services Group in 2020 and moved its headquarters from Germantown, Maryland, to Chantilly in 2023.

Headquartered in Bethesda, Maryland, Lockheed Martin is an aerospace and defense manufacturer specializing in aeronautics, missiles and fire control, rotary and missions systems and space-related technology. The company reported $71 billion in net sales and $5.3 billion in net earnings in 2024. It has 350 facilities globally and 121,000 employees worldwide.