Jacobs Solutions Inc
J: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$521.00 | Mry | Cyczltn |
Jacobs Completes Spinoff of Critical Mission Solutions and Cyber and Intelligence Businesses
Business Strategy and Outlook
In September 2024, Jacobs Solutions completed the spinoff of its critical mission solutions and cyber and intelligence businesses. On Sept. 27, these businesses were spun off and merged with Amentum to form a new publicly traded company. Jacobs shareholders received one share of Amentum Holdings (trading on the NYSE under the ticker “AMTM”) for each share of Jacobs held on Sept. 23.