Booz Allen Authorized by the Cyber AB as a Third-Party Assessment Organization

Rhea-AI Summary

Booz Allen Hamilton (NYSE: BAH) has been authorized as a CMMC Third-Party Assessment Organization (C3PAO) by the Cybersecurity Maturity Model Certification Accreditation Body. This positions the firm to enhance its CMMC services for Department of Defense contractors, allowing them to prepare and obtain necessary certifications. Previously an authorized Registered Provider Organization since February 2021, Booz Allen's comprehensive offerings include readiness reviews and assessments, helping clients transform cybersecurity into a competitive advantage amidst rising cyber threats in the Defense Industrial Base.

Positive

• Authorized as a C3PAO, enhancing service offerings.
• Expanding capabilities to assist DOD contractors with certification.
• Established as a trusted advisor, having previously been designated an RPO.

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• None.

Booz Allen is Among the First to Become an Authorized C3PAO, Strengthening Its Comprehensive CMMC Services

MCLEAN, Va.--(BUSINESS WIRE)-- Booz Allen Hamilton (NYSE: BAH) announced today it has been authorized by the Cybersecurity Maturity Model Certification (CMMC) Accreditation Body (The Cyber AB) as a CMMC Third-Party Assessment Organization (C3PAO), strengthening the firm’s ability to deliver comprehensive CMMC services that enable clients to prepare and obtain certification. Booz Allen is among the first to become an authorized C3PAO in the CMMC ecosystem.

To help the Department of Defense (DOD) prime- and sub-contractors prepare and obtain certification, the Cyber AB established two non-governmental roles: the Registered Provider Organization (RPO) and the C3PAO. Booz Allen has been an authorized RPO since February 2021, providing advisory services to clients in their preparation to obtain their CMMC, and is now an authorized C3PAO, assessing clients and awarding them their certificates.

"Given our work with the Department of Defense, and our RPO and C3PAO services, Booz Allen is best positioned to support organizations throughout their CMMC journey,” said Luke Simonetti, vice president at Booz Allen Hamilton and leader of the firm’s Strategic Consulting and Advisory Solutions global commercial practice. “The depth and breadth of our services—from a CMMC readiness review to a roadmap identifying prioritized gaps, to building necessary program components, or completing a CMMC assessment and certification—empowers clients to effectively address their specific requirements in order to transform cybersecurity into a sustainable competitive advantage.”

CMMC is a DOD program built to protect the Defense Industrial Base (DIB) from increasingly frequent and complex cyber attacks. It aims to enhance the protection of controlled unclassified information (CUI) and federal contract information (FCI) shared within the DIB. CMMC is designed to provide DOD increased assurance that a DIB company can adequately protect sensitive CUI and FCI, accounting for information flow down to subcontractors in a multi-tier supply chain.

Booz Allen has been working closely with the federal government to establish and refine the new CMMC framework. The firm is a trusted advisor to the DOD, with experts working at the Office of the Under Secretary of Defense for Acquisition & Sustainment, the Pentagon's CMMC epicenter, to help guide its rollout. For the past several years, Booz Allen has partnered with the DOD to guide the CMMC program and subsequent rollout.

The Department of Defense (DOD) and the Cyber AB released the revamped CMMC 2.0 in December 2021. The framework is part of a multiyear, phased effort that requires DIB members to implement cybersecurity measures to protect FCI and CUI within their unclassified networks. The streamlined framework is intended to allow organizations of all sizes to implement the program more easily.

Booz Allen has defended against some of the most advanced and persistent cyber threats. Read more about Booz Allen’s elite cybersecurity teams and comprehensive CMMC services.

About Booz Allen Hamilton

For more than 100 years, military, government, and business leaders have turned to Booz Allen Hamilton to solve their most complex problems. As a consulting firm with experts in analytics, digital solutions, engineering, and cyber, we help organizations transform. We are a key partner on some of the most innovative programs for governments worldwide and trusted by its most sensitive agencies. We work shoulder-to-shoulder with clients, using a mission-first approach to choose the right strategy and technology to help them realize their vision.

With global headquarters in McLean, Virginia, our firm employs nearly 29,500 people globally as of March 31, 2022, and had revenue of $8.4 billion for the 12 months ended March 31, 2022. To learn more, visit www.boozallen.com. (NYSE: BAH)

Forward Looking Statements

Certain statements contained in this press release and in comments by our management include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Examples of forward-looking statements include information concerning Booz Allen Ventures, LLC and related matters, prospective performance and opportunities, and any expected benefits, as well as any other statement that does not directly relate to any historical or current fact. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “could,” “should,” “forecasts,” “expects,” “intends,” “plans,” “anticipates,” “projects,” “outlook,” “believes,” “estimates,” “predicts,” “potential,” “continue,” “preliminary,” or the negative of these terms or other comparable terminology. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we can give you no assurance these expectations will prove to have been correct. These forward-looking statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to differ materially from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements.

Additional information concerning risks and uncertainties and other factors can be found in our filings with the Securities and Exchange Commission (the SEC), including in our Annual Report on Form 10-K filed with the SEC on May 20, 2022. All forward looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the foregoing cautionary statements. All such statements speak only as of the date made and, except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.

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Media Relations: Michael Keebler

Source: Booz Allen Hamilton Holding Corporation

FAQ

What does the C3PAO authorization mean for Booz Allen Hamilton (BAH)?

Booz Allen Hamilton's C3PAO authorization allows the firm to assess clients and award them CMMC certifications, enhancing its ability to support DOD contractors.

When did Booz Allen Hamilton become an authorized C3PAO?

Booz Allen Hamilton announced its C3PAO authorization on the date of the press release.

How does the CMMC framework benefit Booz Allen Hamilton and its clients?

The CMMC framework enhances cybersecurity measures for protecting sensitive information, which Booz Allen Hamilton can help clients implement effectively.

What was Booz Allen Hamilton's revenue in 2022?

Booz Allen Hamilton reported revenue of $8.4 billion for the 12 months ending March 31, 2022.

What is the significance of the CMMC 2.0 framework for Booz Allen Hamilton?

CMMC 2.0 streamlines cybersecurity requirements for DOD contractors, benefiting Booz Allen Hamilton's consulting services.