Amentum is trading at $23.14 (up 5.1%) as investors rotate into defense and government services names following a surge in aerospace and defense stocks tied to a massive new U.S. defense spending bill.

  • Sentiment is improving toward the company's sizable long-term government contract backlog and recent wins in the space and defense sectors.
  • The stock is benefiting from expectations of sustained, higher federal spending across its core end markets.