05:04 PM EDT, 09/27/2024 (MT Newswires) -- Jacobs (J) late Friday said it has completed the spin-off of its former mission-critical, and cyber and intelligence government services businesses into publicly traded Amentum Holdings (AMTM).

Jacobs shareholders held roughly 51% of Amentum outstanding shares immediately after the transactions closed, while Jacobs holds 7.5% of its stock with another 4.5% held in escrow pending the new company reaching certain financial targets for its fiscal 2024, the company said.