CHANTILLY, VA., November 20, 2024 — The Kingdom of the Netherlands has selected Amentum (NYSE: AMTM) to evaluate options for expanding the country’s nuclear power capacity. As part of its strategy to reduce carbon emissions and strengthen energy security, the Dutch government has announced preliminary plans to build two new pressurized water reactors by 2035 with a total capacity of up to 1650 Mwe, enough to meet up to 13% of the country’s electricity needs.
“This important contract advances our growth strategy by taking us into a new country and plays to many of our strengths,” said Andy White, Senior Vice President of Amentum Energy & Environment International. “We are technology agnostic, so we are able to apply our experience of nuclear new build programs in the UK, Poland and the United Arab Emirates, along with our extensive technical knowledge to assess the compatibility of reactor designs within the specific Dutch context.”
The Dutch government’s Ministry of Climate Policy and Green Growth has received technical feasibility studies and market consultations from three potential reactor vendors.
The ministry has appointed Amentum to carry out a full review of this information, to provide independent advice on the technical and market viability of constructing two nuclear power plants, and to deliver advisory input to enable an informed decision on design and financing.
The feasibility study review will be led by Amentum’s subject matter experts, supported by CMS Lawyers, PA Consulting and ENCO nuclear consultants.
Currently, the Netherlands has the lowest generating capacity of any nuclear-powered nation in Europe. Its sole 482-MWe pressurized water reactor at Borssele, a coastal town in Zeeland, was built by Siemens and has been operational since 1973.
About Amentum
Amentum is a global leader in advanced engineering and innovative technology solutions, trusted by the United States and its allies to address their most significant and complex challenges in science, security and sustainability. Our people apply undaunted curiosity, relentless ambition and boundless imagination to challenge convention and drive progress. Our commitments are underpinned by the belief that safety, inclusion and well-being are integral to success. Headquartered in Chantilly, Virginia, we have more than 53,000 employees in approximately 80 countries across all 7 continents.
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This press release contains or incorporates by reference statements that relate to future events and expectations and, as such, constitute forward-looking statements under the securities laws, including statements regarding the Reverse Morris Trust transaction (the “transaction”), as described in the information statement filed as Exhibit 99.1 to the Current Report on Form 8-K of Amentum Holdings, Inc. (the “Company”) filed with the Securities and Exchange Commission (the “SEC”) on September 18, 2024 (the “information statement”). These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “forecast,” “outlook,” “target,” “endeavor,” “seek,” “predict,” “intend,” “strategy,” “plan,” “may,” “could,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” or the negative thereof or variations thereon or similar terminology generally intended to identify forward-looking statements. All statements, other than historical facts, including, but not limited to, statements regarding the anticipated work and revenue under the awarded contract, the expected benefits of the transaction, including future financial and operating results and strategic benefits, the tax consequences of the transaction, and the Company’s objectives, expectations and intentions, applicable legal, economic and regulatory conditions, and any assumptions underlying any of the foregoing, are forward-looking statements.
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