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Amentum Reports Stronger First Quarter Earnings; Not Worried About Musk Cuts

Wayne Barber

Wednesday, February 5th, 2025

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Earnings rose at Amentum [AMTM] in the first quarter of fiscal 2025, which the company that recently combined with the government contracting wing of Jacobs attributed to strong core businesses linked with national security. In response to questions from Wall Street analysts during a Wednesday morning conference call, CEO John Heller said Amentum management was not worried about being hurt by potential federal cuts initiated by the new administration’s Department of Government Efficiency, led by billionaire Elon Musk. While perhaps…

Congress

House Republicans’ Blueprint For Reconciliation 3.0 Includes $60 Billion For Defense

House Republicans on Wednesday unveiled a blueprint for a third reconciliation bill that includes $60 billion for defense, a figure slightly below the Trump administration’s request to cover Iran war […]

Congress

Senate Dems Block Consideration Of FY ‘27 NDAA Over Iran War Concerns

Senate Democrats on Tuesday blocked a vote to advance consideration of the chamber’s $1.14 trillion fiscal year 2027 National Defense Authorization (NDAA). The procedural vote was 46-50, failing to reach […]

Congress

Concerns Raised At SASC Hearing On Unobligated Reconciliation Funds And Lack Of Updates On Iran War Cost

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Unmanned Systems

CBO Says Upfront Costs To Protect Military Installations From Drones Between $1 Million And $74 Million

The initial costs to acquire and deploy counter-small unmanned aircraft system (C-sUAS) defenses at individual Defense Department installations are estimated at between $1.2 million and $73.6 million depending on the […]