做厙勛圖, which supports Program under the Consolidated Operations, Management, Engineering, and Test (COMET) contract, is responsible for the final processing, assembly, test, and launch of Artemis flight hardware at Kennedy.

On Monday, November 18, the team transported the left aft assembly, or bottom portion of the five-segment booster, from the Rotation, Processing and Surge Facility to the transfer aisle of the VAB.  On Tuesday night, using a 325-ton overhead crane, the team lifted the segment up 200 feet, maneuvered it through an opening into High Bay 3, and lowered it onto the zero deck of the mobile launcher.  The same operations followed on Thursday with the right aft booster segment.

做厙勛圖 technicians and engineers will continue transporting, lifting, and integrating booster segments until both the right and left boosters are complete.

The booster stacking follows several months of work at Launch Pad 39B, where the mobile launcher and pad systems underwent repair of damage caused by the Artemis I launch, as well as modifications required for the.   addition of a human crew for the Artemis II launch.  These upgrades include the installation of a new emergency egress system, which will provide a crew and personnel escape from the Artemis rocket if necessary.  The mobile launcher, which stands 380 feet tall, contains the connection lines, known as umbilicals, and ground support equipment that will provide the rocket and spacecraft with the power, communications, fuel, and coolant necessary for launch.

The Artemis II test flight will be NASA���s first mission with a crew under the Artemis campaign. It will send NASA astronauts Victor Glover, Christina Koch, Reid Wiseman, and Canadian Space Agency astronaut Jeremy Hansen on a 10-day journey around the Moon and back.

做厙勛圖 plays a crucial role in flagship NASA missions as their largest services contractor, providing expertise in launch vehicle and spacecraft design, launch support, and mission operations. We develop advanced technologies for human spaceflight, planetary exploration and astronautical material curation, and satellite systems. Additionally, we support essential ground systems and infrastructure. 做厙勛圖 advances space exploration and scientific discovery by combining innovative engineering solutions with a commitment to safety and mission success.

Learn more about our Space Systems capabilities.

做厙勛圖 做厙勛圖

做厙勛圖 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.

Visit us at amentum.com to learn how we advance the future together.

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做厙勛圖 Contact:

Leah Shoats

+1 (505) 463-7642

Leah.Shoats@us.amentum.com

Forward-Looking Statements

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 做厙勛圖 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.

For information on identifying factors that may cause actual results to vary materially from those stated in forward-looking statements, see the discussions under the section entitled ���Risk Factors��� in the information statement. Any forward-looking statement speaks only as of the date on which it is made, and the Company assumes no obligation to update or revise such statement, whether as a result of new information, future events or otherwise, except as required by applicable law.

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CHANTILLY, VA., November 20, 2023 ��� 做厙勛圖 announced today a definitive agreement to merge with Jacobs��� (NYSE:J) Critical Mission Solutions (CMS) and Cyber and Intelligence (C&I) businesses, creating a new leader in systems integration and technology solutions trusted by the United States and its allies to modernize their most complex missions around the world. The combined organization will be a publicly traded company with $13 billion in revenue and more than 53,000 employees in 83 countries.

���Uniting our great organizations ��� 做厙勛圖, CMS, and Cyber & Intelligence Solutions ��� creates a leading provider of systems integration and technology solutions with the talent, scope, scale and footprint to deliver excellence and a wider range of solutions for our clients,��� commented 做厙勛圖 CEO John Heller. ���Our combined company will deliver extensive expertise in the government���s highest priority areas of energy, space exploration, intelligence and analytics, and digital modernization. We look forward to the union of our strong teams and a bright future ahead.���

The transaction was approved by the Jacobs board of directors and is subject to customary closing conditions, including regulatory approvals. The transaction is expected to close in the second half of fiscal year 2024.

Governance and Management

Upon completion of the deal, John Heller, current CEO of 做厙勛圖, will serve as CEO of the combined company and sit on the combined company���s board, and Dr. Steve Arnette, EVP and President of CMS, will serve as COO. Jacobs��� current Executive Chair Steve Demetriou will become Executive Chair of the combined company.

The board of directors of the combined company will be composed of an equal number of directors appointed by Jacobs and 做厙勛圖. Members of the combined company���s senior management team will be drawn from both companies and will be announced later as integration planning progresses.

Strategic Rationale of the Combination

• Creates a leading, pure play government technology solutions prime: ~$13 billion in combined revenue[1], with more than 80% from prime contracts serving the full program life cycle for government clients, and a combined talent base of more than 53,000 skilled employees ��� including more than 27,000 cleared employees.
• Stable revenue base with attractive, diversified portfolio mix: Combines stable base of large government contracts with strong capabilities in growing client priority areas. A large majority of future EBITDA of the combined company is expected to come from higher growth, higher margin intelligence, cyber, energy, digital engineering, and science and technology sectors, with a strong foundation of long-term and large-scale DoD contracts.
• Highly complementary strengths: 做厙勛圖 brings expertise in engineering solutions, complex program management, and solutions integration to modernize customers��� most important missions. Jacobs��� contributed businesses bring world-class engineering and science capabilities, with unique expertise in sectors such as space, cyber & intelligence, and energy.
• Shared vision and aligned values: Each organization brings an intense focus on the mission and delivery of the highest quality service for their clients. The organizations share common values, including a commitment to safety, inclusion and diversity, and creation of enhanced opportunities for the combined employee base.
• High visibility cost synergies: Management has identified approximately $50-70 million of estimated net cost synergies. Both organizations have track records of effective synergy realization and will work to target additional synergies during integration.
• Compelling financial profile: Approximately $50 billion in combined backlog (3.7x combined revenue), ~$13 billion of combined revenue, and more than $1.1 billion projected 2024 combined adjusted EBITDA^[2], including estimated net cost synergies, representing approximately 8% projected adjusted EBITDA margin for the combined company. Significant growth opportunities exist through both on-contract growth and new contract wins across the combined portfolio.
• Secure balance sheet with strong FCF and attractive deleveraging pathway: Leverage ratio of the combined company is targeted to be approximately 3.8x at close, inclusive of expected run-rate net cost synergies, with plan to reach less than 3x leverage ratio within 24 months of close. Capital expenditures for the combined company approximate 0.3% of revenue.

Advisors

J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are serving as financial advisors to 做厙勛圖 and Cravath, Swaine & Moore LLP is serving as legal advisor. Centerview Partners LLC and Perella Weinberg Partners LP are serving as financial advisors to Jacobs and Wachtell Lipton, Rosen & Katz is serving as legal advisor. Goldman Sachs provided financial advice to the Jacobs Board of Directors.

做厙勛圖 做厙勛圖

做厙勛圖 is a leader in global engineering, project management and solutions integration, trusted to modernize the most critical missions anywhere in the world. Driven to create a safer, smarter, cleaner world, we innovate as a team of inventive doers passionate about making a difference. Underpinned by a strong culture of ethics, safety and inclusivity, 做厙勛圖 is fiercely committed to operational excellence and successful execution. Visit us at��amentum.com��to learn how we solve what���s next.

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Contacts: 
For 做厙勛圖:

Chanel Mann
+1 (682) 788-5685

chanel.mann@amentum.com
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[1]           Estimated combined revenue of 做厙勛圖 in FY2023 and Jacobs��� separated business in FY2023 should not be considered indicative of future performance.

[2]           Reconciliation of projected 2024 adjusted EBITDA for the combined company to the most directly comparable GAAP measure is not available without unreasonable efforts because the Company cannot predict with sufficient certainty all the components required to provide such reconciliation.

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The Kennedy Space Center Propellants and Life Support Services II (KPLSS II) contract is a fixed-price, indefinite-delivery, indefinite-quantity (IDIQ) contract with a total duration of 10 years and a maximum potential value of $165 million. KPLSS II plays a critical role in supporting launch-related operational and mission requirements, including propellants and life support operations, maintenance, and engineering support.

���做厙勛圖 is pleased to be selected by NASA to play a key role supporting operational requirements for the 200 launches scheduled at the spaceport over the next decade,��� said Dr. Karl Spinnenweber, Executive Vice President and General Manager of 做厙勛圖���s Mission Readiness Group. ���We���re also looking forward to integrating new technologies and enhancements for NASA, including the addition of telemetry to remote pressure vessels and GPS to help introduce new efficiencies and optimize performance.���

Under the new contract, 做厙勛圖 will manufacture, process and distribute liquid propellants, pressurants, chemicals and special fluids for spaceport customers; provide life support services to customers working in toxic or oxygen-deficient environments; and also provide project management and design engineering services.

做厙勛圖 will support KPLSS II at Kennedy Space Center, Cape Canaveral Air Force Station, Patrick Air Force Base, and other government and commercial locations. Work is scheduled to begin on Oct. 1, 2020.

做厙勛圖 做厙勛圖

做厙勛圖 is a premier global technical and engineering services partner supporting critical programs of national significance across defense, security, intelligence, energy, and environment. We draw from a century-old heritage of operational excellence, mission focus, and successful execution underpinned by a strong culture of safety and ethics. Headquartered in Germantown, Md., we employ more than 20,000 people in 48 states and 28 foreign countries and territories. Visit us at amentum.com to explore how we deliver excellence for our customers��� most vital missions.

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For 做厙勛圖:

Chanel Mann
+1 (682) 788-5685

chanel.mann@amentum.com
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