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It is the same old story at every major defense contractor. They cut the workforce to inflate the quarterly numbers, then act surprised when the talent pool dries up and project delivery slips. If you are asking if there is a point in staying, look at your career goals. If you need the resume builder, ride it out until you find something more stable. Otherwise, polish that resume now while the market is still somewhat interested in your specific skill set.
I have been through three of these cycles here, and it never gets easier, but it does get predictable. The leadership is obsessed with stock performance rather than the actual long-term health of the organization. If you are feeling uncertain, trust your gut. There is no such thing as company loyalty in the current contracting environment, so prioritize your own professional growth. Keep your head down, do your work, and always keep your options open with recruiters, regardless of the official messaging.