Aug. 5 at 7:47 PM
$ATKR The market assumes the departure of Waltz implies issues with the Justice department. I don't think this is the case. Justice department has a weak case. Regardless, if settled, you can expect a nominal fine no where near
$100MM dollars. Sure, the company cited the potential for
$50MM headwind in '26 all else equal. But, what's more important is the swelling backlogs at
$J and
$ACM. Apparently, Quants run the show here because no macro analysis was done.