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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…

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