Booz Allen Hamilton Holding Corporation - BAH STOCK NEWS

Booz Allen Hamilton (NYSE: BAH), the leading cybersecurity provider for the U.S. government, will participate in Singapore International Cyber Week (SICW) from October 14-17, 2024. As a company with over 8,000 cyber professionals and 30 years of experience, Booz Allen brings significant expertise to global cyber challenges.

Key Booz Allen leaders will contribute to several sessions:

• Garrettson Blight will moderate a panel on 2024's Cyber Threats
• Stephen Fogarty will discuss organizational cybersecurity culture
• Jim Allen will participate in a panel on AI in Cybersecurity Operations

The event, held at Sands Expo and Convention Center, will focus on 'Trust and Security in the Digital Era' and include the GovWare Conference and Exhibition.

Booz Allen Hamilton (NYSE: BAH) has expanded its tech innovation ecosystem with two new facilities: a flagship engineering facility in Lorton, Virginia, and a maritime tech facility in Bremerton, Washington. These additions aim to decrease time from development to deployment and enhance mission readiness for warfighters.

The Lorton facility, housing the Warfighter Applications and Rapid Prototyping Center (WARP-C), features specialized labs for warfighter performance, robotics, data and cyber, and material science. It includes a high bay facility for testing, prototyping, and systems integration, supporting small drone testing and payload integration.

The Bremerton Maritime Tech Facility focuses on unmanned maritime technology and rapid integration, addressing challenges in the Indo-Pacific region. It includes an Unmanned Rapid Integration Lab and an immersive lab for extended reality technologies.

Booz Allen Hamilton (NYSE: BAH) has announced new insights into its cyber business, highlighting its role as the leading cyber security provider for the U.S. government. With over 8,000 cyber professionals and nearly 300 active cyber projects, Booz Allen supports both offensive and defensive U.S. government missions and commercial enterprises.

The company expects its total cyber revenue to reach between $2.5 and $2.8 billion in Fiscal Year 2025, representing nearly a quarter of its projected total revenue. Booz Allen's 'One Battlespace' approach addresses the growing cyber threat across defense, intelligence, civilian, and commercial infrastructures. This strategy positions the company to tackle key trends in clients' cyber missions, including maintaining U.S. strategic advantage, transforming cyber defense through Zero Trust and AI systems, securing the physical world, and preparing for a post-quantum world.

Booz Allen Hamilton Holding (NYSE: BAH), the parent company of management and technology consulting firm Booz Allen Hamilton, has announced a conference call to discuss its Second Quarter Fiscal 2025 financial results. The call is scheduled for Friday, October 25, 2024, at 8 a.m. EDT. A news release containing the results will be issued prior to the call.

Analysts and institutional investors can participate by registering online at investors.boozallen.com, with registration requested at least 15 minutes before the call starts. The conference call will be webcast simultaneously to the public through a link on the same website. A replay of the call will be available on the site starting at 11 a.m. EDT on the same day and will remain accessible for 12 months.

Booz Allen Hamilton (NYSE: BAH) has been awarded a significant contract by the U.S. Department of Homeland Security to support the Cybersecurity Infrastructure Security Agency's (CISA) Continuous Diagnostics and Mitigation (CDM) DEFEND program. The three-year task order has a base value of $421 million and a ceiling of $1.2 billion.

Under this contract, Booz Allen will provide cybersecurity tools and expertise to 13 government agencies, including NASA, IRS, and HHS. The company will focus on four key areas: asset management, identity and access management, network security management, and data protection management. Additionally, Booz Allen will help civilian agencies mature their posture against each zero trust pillar.

This award extends Booz Allen's role in deploying cyber capabilities to the federal civilian enterprise and providing actionable data for risk-based decision making, reinforcing its position as a leading systems integrator for the CDM program since its inception in 2014.

Booz Allen Hamilton (NYSE: BAH) has secured a position on the FBI's $8 billion Information Technology Supplies and Support Services 2nd generation (ITSSS-2) blanket purchase agreement. This contract, the largest IT vehicle ever established by the FBI, focuses on obtaining critical technologies for IT support and modernization. Booz Allen will assist in providing emerging technologies and IT support services for various projects and programs, including workplace solutions, business applications, and platform and infrastructure solutions.

The company plans to leverage its expertise in AI, quantum computing, agile software development, advanced data analytics, cloud solutions, and cybersecurity services. Work will be conducted in the Washington, DC area and Huntsville, Alabama, where the FBI is establishing an Innovation Center. This contract builds on Booz Allen's long-standing support for law enforcement and national security missions.

Booz Allen Hamilton (NYSE: BAH) has secured a $506 million contract to support the U.S. Army's Future Vertical Lift Cross Functional Team and Program Executive Office Aviation. This five-year contract, the company's largest Information Analysis Center Multiple Award Contract Task Order to date, focuses on implementing a Modular Open Systems Approach (MOSA) strategy.

The project aims to develop, integrate, and field critical technologies for warfighters, enhancing Reliability, Maintainability, Quality, Supportability, and Interoperability (RMQSI) for weapons systems. Booz Allen will lead a nationwide team of over 20 businesses and universities, providing expertise in digital engineering, analytics, cyber, exercise planning, and software development.

Booz Allen Hamilton (NYSE: BAH) has successfully deployed a generative AI large language model (LLM) in space using HPE's Spaceborne Computer-2 on the International Space Station (ISS) National Lab. This groundbreaking achievement aims to enable astronauts to use generative AI without relying on Earth-bound internet in the resource-constrained space environment.

The LLM application, developed over eight weeks, demonstrates Booz Allen's ability to deploy state-of-the-art generative AI techniques in edge computing environments. This proof-of-concept can play a critical role in providing remote data ingestion and retrieval-augmented generation, helping edge-deployed personnel efficiently retrieve information and solve complex issues using natural language processing in space.

Booz Allen Hamilton Holding (NYSE: BAH) has announced preliminary results for the first quarter of fiscal year 2025. The company, which is the parent of management and technology consulting firm Booz Allen Hamilton Inc., will host a conference call on July 26, 2024, at 8 a.m. EDT to discuss the financial results. Analysts and institutional investors can participate by registering online, while the public can access the webcast through the company's investor relations website. A replay of the call will be available for 12 months starting at 11 a.m. EDT on the same day. The full press release and earnings presentation are available on the company's website for detailed information.