ASGN's Strong Q2 Performance and Strategic Partnerships Signal Promising Growth OpportunitiesWe walked away from the conference call with the sentiment that DOGE-related concerns have lessened, with the revenue headwind (less than 2% of consolidated revenue) expected to hold in the third quarter (i.e., no incremental headwind relative to the second-quarter run-rate). National security customers (a new disclosure this quarter) grew 30% year-over-year. ASGN sees a double-digit increase in federal defense spending, boosted by the Act’s recent defense budget expansion, across ASGN’s core competencies (e.g., cloud, AI, and data) as a significant potential tailwind. Overall, management pointed to a growing backlog and award momentum that likely positions federal for a revenue run-rate of between $290 million and $295 million going forward.Stock Thoughts.