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Amentum Earnings Fall But Future Looks Bright, CEO Says

Amentum Earnings Fall But Future Looks Bright, CEO Says

Earnings fell at Amentum [AMTM] in fiscal 2024, although the company, which consolidated this summer with the government contracting and cyber wings of Jacobs, sees better days ahead with new contracts entering the pipeline, such as at the Department of Energy’s Hanford Site in Washington. For the company’s 2024 fiscal year ended Sept. 27, Amentum Holdings had a net loss of $82 million or $0.90 a share, which is better than the net loss of $314 million, or a net…

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Congress Updates

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The Army is relooking at its “whole aviation transformation initiative,” the service’s acting chief of staff told lawmakers on Tuesday, to include its approach for future procurement of “enduring” platforms. […]


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Hegseth Says DoD Open To Reviewing Army’s Planned Cuts To Legacy Helicopter Procurement

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