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Nuclear Modernization

After 10 Months of Planning, Big DoE Players Poised to Form ‘New’ Amentum

Wayne Barber

Tuesday, August 20th, 2024

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Amentum and branches of Jacobs Solutions [J] specializing in government and cyber-related work are poised to launch a new publicly-traded Amentum next month with deep footprints in nuclear, space exploration and defense work for the U.S. and its allies, executives said last week. “Following the combination, Amentum will generate revenues of approximately $14 billion. And importantly, the business will have a combined backlog of more than $47 billion,” said Steve Demetriou, the former CEO and current chair of Jacobs, who…

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]

Congress

Appropriators Offer Skepticism On $350B Defense Reconciliation Plan, ‘Big Risk’ For Key Initiatives

Senate and House Appropriators told Pentagon leadership on Tuesday they’re skeptical of the department’s plan to fund $350 billion of the fiscal year 2027 defense budget through the reconciliation process, […]

Congress

All Future Systems Should Have Autonomy Features, Reed Says

Last week, Sen. Jack Reed (D-R.I.) visited North Kingstown, R.I.-based Senesco, which is teaming with autonomous systems company Havoc to bid on the U.S. Navy’s Medium Unmanned Surface Vessel program. […]

Congress

Senate Appropriators Concerned With DoD’s Reconciliation Plan For Top FY ‘27 Priorities, Aide Says

Senate defense appropriators have concerns with the Pentagon’s decision to include key fiscal year 2027 funding priorities, such as critical munitions and drones production, among its request for $350 billion […]