Stock Markets May 27, 2026 05:33 PM

Amentum Secures $50.2M Option to Continue Support at Kings Bay Naval Base

Modification exercises Option Period Five under a 2020 base-operations contract; work to run through May 2027 with funds tied to FY2026 appropriations

By Derek Hwang AMTM

Amentum Technology Inc. received a $50.2 million contract modification from the U.S. Department of War to extend base operations support at Naval Submarine Base Kings Bay and nearby areas. The award represents Option Period Five of the original contract awarded in 2020 and raises the contract's cumulative face value to $303.5 million. Execution of the option covers predominantly work in Kings Bay, Georgia, with completion expected by May 2027 and specific FY2026 funds to be obligated for recurring task orders during the option period.

Amentum Secures $50.2M Option to Continue Support at Kings Bay Naval Base
AMTM

Key Points

  • Amentum received a $50.2 million modification to exercise Option Period Five of contract N69450-20-D-0045, originally awarded in 2020.
  • The modification raises the contract's cumulative face value to $303.5 million and designates Kings Bay, Georgia as the primary work site (99%).
  • The Navy plans to obligate $40.6 million in FY2026 operations and maintenance, Defense Health Program, and family housing O&M funds against recurring task orders during the option period; no funds were obligated at time of award.

Overview

Amentum Technology Inc. has been awarded a $50.2 million modification by the U.S. Department of War to continue providing base operations support services at Naval Submarine Base Kings Bay and its outlying areas. The modification activates Option Period Five under contract N69450-20-D-0045, a contract first issued in 2020.

Contract value and scope

With this action the aggregate face value of the contract rises to $303.5 million. The written modification designates the primary place of performance as Kings Bay, Georgia, accounting for 99% of the work, with the remaining 1% to be carried out in outlying areas. The modification sets an expected completion date in May 2027.

Funding and obligations

The announcement states that no funds will be obligated at the time the modification is awarded. The Navy intends to obligate $40.6 million in fiscal 2026 appropriations across multiple budget lines - fiscal 2026 operations and maintenance funds, fiscal 2026 Defense Health Program funds, and fiscal 2026 family housing operations and maintenance contract funds - to cover recurring work issued under individual task orders during the option period.

Contracting office and company information

The Naval Facilities Engineering Systems Command, Southeast, located in Jacksonville, Florida, is identified as the contracting activity for this modification. Amentum Technology Inc. is listed as the performance contractor, with its corporate base in Tullahoma, Tennessee.

Analysis context

This modification is explicitly the exercise of an option under an existing contract and does not, according to the announcement, obligate funds at award. The planned use of FY2026 operations, Defense Health Program, and family housing O&M funds indicates the work covers recurring base support tasks that are expected to be fulfilled through task orders during the option period.


Note on reporting

Information in this report is derived from the contract modification announcement and the administrative details provided therein.

Risks

  • No funds are obligated at the time of the award - the timing and availability of FY2026 appropriations could affect the execution of recurring task orders (impacts government contracting and defense services sectors).
  • The modification covers work through May 2027 - any delays or changes to task order issuance or funding priorities could affect revenue recognition for the contractor (impacts government services and facilities management sectors).

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