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.…
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Congress Updates
House Republicans Block Measure To Impeach Hegseth
House Republicans on Tuesday evening voted to block an attempt to impeach Defense Secretary Pete Hegseth. In a 211-204 vote, the House moved to refer Rep. Thomas Massie’s (R-Ky.) articles […]
Top House Defense Appropriator Calvert Officially Wins Reelection Bid
Rep. Ken Calvert (R-Calif.), House Republicans’ top defense appropriator, has officially won his reelection bid. Calvert was running for a redistricted seat against fellow House Republican Rep. Young Kim (R-Calif.), […]
No Path To Defense Reconciliation, Including GOP’s $350 Billion, Coons Says
Top Senate Democrats threw cold water on any GOP plans for a $350 billion fiscal 2027 reconciliation bill, or any defense reconciliation bill, before a new Congress is sworn in […]
Industry Groups ‘Urge’ Congress To Block Stock Buyback Restriction From Final FY ‘27 NDAA
More than three dozen industry associations on Monday called on congressional defense committee leaders to scrap a provision in the final version of the next National Defense Authorization Act that […]
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