Earnings rose at Amentum [AMTM] in its second quarter, which the government contractor partly attributed Wednesday to demand for nuclear work and divestiture of a non-core asset. Net earnings for the second quarter ended March 28 were $4 million, or $0.02 a share, up from a loss of $41 million or $0.46 a share, in the year-ago quarter. Quarterly revenue was $3.5 billion, up year-over-year from $2.1 billion. That’s according to the financial results press release issued early Wednesday morning by Amentum.…
Congress Updates
HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase
NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]
Army Secretary Says “We Need To Over-Invest in FLRAA To Get It Online As Quickly As Possible”
Rep. Ken Calvert (R-Calif.), chairman of the House Appropriations Committee’s defense panel (HAC-D), said on Thursday that the Army’s budget plan beginning in fiscal 2027 has more than $2 billion […]
Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says
The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]
Trump’s $1.15 Trillion Request For DoD Is The ‘New Normal,” HASC Chairman Says
COLORADO SPRINGS, Colo.—The Trump administration’s nearly $1.2 trillion baseline defense budget request for fiscal year 2027 will be adopted and will be the foundation for the “new normal” going forward, […]
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