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Booz Allen Hamilton Holding Corporation (NYSE: BAH) is a renowned leader in the fields of management and technology consulting, boasting a legacy that spans over a century. The company excels in providing consulting, analytics, mission operations, technology, systems delivery, cybersecurity, engineering, and innovation expertise. Booz Allen Hamilton partners with Fortune 500 corporations, government entities, and not-for-profit organizations around the world to tackle some of the most complex challenges.
Headquartered in McLean, Virginia, Booz Allen Hamilton serves a diverse client base, including defense, intelligence, and civil markets. The firm’s commitment to excellence is evident in its extensive portfolio of services, which includes cloud computing, cybersecurity consulting, and comprehensive engineering solutions. These offerings are designed to support clients in achieving their goals through strategic guidance and innovative technology.
Recent achievements of Booz Allen Hamilton include securing contracts with key government agencies and expanding its influence in the commercial sector. The company has been instrumental in driving technological advancements and providing critical support in areas such as national security, public health, and financial services. Their dedication to client success is underscored by their ability to deliver long-term, impactful solutions.
Booz Allen Hamilton's financial stability is reinforced by its strategic partnerships and its ability to adapt to the evolving needs of its clients. The firm continues to invest in cutting-edge technologies and talent acquisition, ensuring that it remains at the forefront of the industry.
For those interested in the latest developments and performance metrics of Booz Allen Hamilton, regular updates and news can be found on their website and various financial news platforms.
Booz Allen Hamilton Holding Corporation (NYSE: BAH) announced preliminary results for Q1 FY 2022. The company reported significant revenue of $7.9 billion for the 12 months ending March 31, 2021, with approximately 28,600 employees globally as of June 30, 2021. The firm will host a conference call on July 30, 2021, at 8 a.m. EDT to discuss these results. Shareholders and analysts can access the call via phone or webcast. The announcement emphasizes Booz Allen's expertise in consulting, analytics, and engineering.
Booz Allen Hamilton (NYSE: BAH) appointed Matt Tarascio as senior vice president in its strategic innovation group, focusing on analytics and AI for the U.S. Department of Defense (DoD). Tarascio's experience includes serving as Lockheed Martin's VP of AI, where he developed AI and machine learning strategies. His leadership aims to enhance Booz Allen's capabilities in integrating AI to meet client needs. Tarascio holds degrees in Aerospace Engineering and received the Orville and Wilbur Wright Award for his contributions to the field.
Booz Allen Hamilton (NYSE: BAH) has made a strategic investment in Latent AI, Inc., enhancing capabilities in adaptive AI and machine learning for defense organizations. This investment aims to optimize AI model deployment at the tactical edge, critical for mission success. The Latent AI Efficient Inference Platform™ (LEIP) allows for scalable AI application development without altering existing infrastructures. Booz Allen's role as a key provider of AI services for the federal government complements this partnership, potentially increasing AI adoption and ROI for clients.
Booz Allen Hamilton (NYSE: BAH) announced its Colorado Springs facility has received the James S. Cogswell Award from the Defense Counterintelligence and Security Agency (DCSA) for outstanding industrial security achievement. This marks the second award for Booz Allen, recognized among only 40 out of over 13,000 cleared facilities nationwide. The Cogswell Award honors exceptional security programs exceeding National Industrial Security Program standards, with Booz Allen emphasizing its commitment to protecting technology and clients' critical missions.
Booz Allen Hamilton Holding Corporation (NYSE: BAH) will hold a conference call at 8 a.m. EDT on July 30, 2021, to discuss its financial results for the first quarter of fiscal 2022, ending June 30, 2021. The results will be released prior to the call, and analysts can join via a dedicated phone line or through a webcast available on the company's investor relations website. A replay of the call will be accessible starting at 11 a.m. EDT on the same day for 30 days. The firm reported $7.9 billion in revenue for the fiscal year ending March 31, 2021.
Booz Allen Hamilton (NYSE: BAH) has completed the acquisition of Liberty IT Solutions for $725 million, enhancing its digital transformation capabilities within the federal IT sector. Liberty specializes in Agile, DevSecOps, and cloud solutions, which will bolster Booz Allen's offerings to federal clients. The acquisition is expected to be accretive to revenue growth and earnings per share. Liberty will integrate into Booz Allen’s Civilian Services Group, leveraging its workforce of over 600 skilled professionals to meet evolving federal agency modernization needs.
Booz Allen Hamilton (NYSE: BAH) has received a contract from the Naval Information Warfare Center Pacific valued at up to $189.9 million over five years. The contract entails providing engineering, technical, cyber, and programmatic services, supporting networking and communication systems for the Navy's Program Executive Office (PEO) Digital and the Naval Enterprise Networks (NEN) Program Office. This partnership aims to enhance the Navy's information warfare capabilities through digital transformation and IT modernization.
Booz Allen Hamilton Holding Corporation (NYSE: BAH) announced a $500 million offering of 4.000% Senior Notes due in 2029. The offering is set to close on June 17, 2021, pending conditions. The proceeds will primarily be used to acquire Liberty IT Solutions, LLC, although they may also support working capital if the acquisition does not complete. The Notes are being sold privately under the Securities Act exemptions. Forward-looking statements highlight risks regarding the acquisition and overall market conditions.
Booz Allen Hamilton Holding Corporation (NYSE: BAH) has initiated a private offering of $500 million in senior notes through its subsidiary, Booz Allen Hamilton Inc. The proceeds will primarily fund the acquisition of Liberty IT Solutions, LLC, and cover related expenses. Notably, the acquisition is not dependent on financing from the note offering and could close before the offering's completion. The notes are offered under exemptions from the Securities Act and have not been registered.
Investors should note the associated risks, including the possibility of the offering or acquisition not proceeding as planned.
Booz Allen Hamilton (NYSE: BAH) secured a $674 million contract from the General Services Administration to enhance the Department of Defense’s Advana data analytics platform. This 5-year project aims to improve decision-making capabilities across the DoD by integrating various business systems, making data accessible to over 20,000 users across 42 organizations. Utilizing advanced technologies like artificial intelligence and machine learning, Booz Allen will provide vital IT support and analytics to enhance operational efficiency and data accuracy.
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