Amentum Divests Rapid Solutions to Lockheed Martin for $360 Million
Deal News | Apr 23, 2025 | Paul Hastings
Amentum, assisted by Paul Hastings LLP, has entered into a definitive agreement to divest its hardware and product business, known as Rapid Solutions, to Lockheed Martin. The transaction is valued at $360 million, to be paid in cash. The legal advisory team from Paul Hastings was spearheaded by Eduardo Gallardo, a global co-chair of the Mergers & Acquisitions practice, along with partner Joe Swanson and associates Kevin DeCeoursty and Courtney Tully. Paul Hastings is known for its exceptional legal services across 17 core practice areas, offering intellectual capital and superior execution on a global scale to leading investment banks, asset managers, and corporations.
Sectors
- Aerospace and Defense
- Legal Services
Geography
- United States – All companies and participants involved, including Amentum, Lockheed Martin, and Paul Hastings LLP, are based in the United States.
Industry
- Aerospace and Defense – Lockheed Martin, a key participant in this transaction, operates within the aerospace and defense sector.
- Legal Services – Paul Hastings LLP provided legal advisory for the transaction, highlighting its role within the legal services industry.
Financials
- $360 million – The transaction value for the acquisition of Rapid Solutions by Lockheed Martin from Amentum.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Amentum | Target Company | Company | Amentum is a company that has decided to sell its Rapid Solutions product business in this transaction. |
| Lockheed Martin | Buyer | Company | Lockheed Martin is the acquiring company, purchasing Rapid Solutions from Amentum. |
| Paul Hastings LLP | Legal Advisor | Company | Paul Hastings LLP is the law firm providing legal advice to Amentum for this transaction. |