Amentum (AMTM) said Thursday that it has completed its divestiture of Rapid Solutions to Lockheed Martin (LMT) for $360 million in cash.
The company said the transaction advances Amentum's strategy to become a pure provider of technology solutions and improves its finances.
Lockheed Martin said in a separate statement that it will integrate the Rapid Solutions team and its portfolio of intelligence, surveillance, and reconnaissance technologies into its space business.
Shares of Amentum were up 1.9% in after-hours activity.
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