Booz Allen Hamilton Hldg Corp Stock Price, News & Analysis

Booz Allen Hamilton (NYSE: BAH) has launched Booz Allen Ventures, LLC, a $100 million corporate venture capital arm aimed at investing in advanced commercial technologies for federal clients. The initiative, aligned with the firm’s VoLT growth strategy, targets early-stage companies in defense, AI, cybersecurity, and deep technology. The venture aims to enhance Booz Allen's existing Tech Scouting capabilities, facilitating investments that meet specific mission requirements. Recent investments include Latent AI and Synthetaic.

Booz Allen Hamilton (BAH) has issued a statement regarding its proposed $440 million acquisition of EverWatch. The firm refutes the Department of Justice’s concerns, asserting that the acquisition would enhance competition and strengthen national security capabilities. Booz Allen emphasizes that this transaction would accelerate technology development and improve the delivery of classified software and analytics. The company believes the merger will create a more comprehensive range of services for intelligence and defense clients, ultimately benefiting government agencies and taxpayers.

Booz Allen Hamilton Holding Corporation (NYSE: BAH) will host a conference call on July 29, 2022, at 8 a.m. EDT to discuss its First Quarter of Fiscal 2023 financial results, which end on June 30, 2022. A news release detailing these results will be issued prior to the call. Interested participants can register online at investors.boozallen.com. A replay will be available on the website beginning at 11 a.m. EDT on the same day for 30 days.

Booz Allen Hamilton (NYSE: BAH) has been awarded the NASA Cybersecurity and Privacy Enterprise Solutions and Services (CyPrESS) contract with a total potential value of $622.5 million. The hybrid IDIQ contract will centralize cybersecurity efforts across NASA, supporting all centers from May 31, 2022 to September 30, 2023, with options extending to September 2030. Booz Allen will enhance NASA's cybersecurity posture by implementing standards, management, and engineering for both IT and operational technology systems.

Booz Allen Hamilton (NYSE: BAH) has appointed Kristine Martin Anderson as the new Chief Operating Officer, effective June 1, 2022. Previously the firm's President of the Civil Sector, Anderson will focus on enhancing operational performance and transforming the business model. The leadership transition also includes Rich Crowe, who will take over as President of the Civil Sector. With over 16 years at Booz Allen, Anderson has a strong track record of implementing technology-driven solutions and driving growth.

Booz Allen Hamilton Holding Corporation (NYSE: BAH) announced preliminary results for Q4 and fiscal year 2022, reporting a revenue of $8.4 billion for the year ending March 31, 2022. The firm, which employs nearly 29,500 globally, will hold a conference call at 8 a.m. EDT on May 20, 2022, to discuss these financial results. Participants can join the call via phone or through a public webcast. The earnings presentation will be available on the company's investor relations website.

Booz Allen Hamilton (NYSE: BAH) announced the maintenance of its Capability Maturity Model Integration (CMMI) Maturity Level (ML) 5 ratings for both Services and Development. Holding ML5 is a significant achievement, placing Booz Allen among a limited number of Fortune 500 companies with this recognition. The ML5 status indicates their capability in managing large-scale projects efficiently, ensuring timely delivery and quality results. This achievement underscores Booz Allen's commitment to continuous improvement and high-quality solutions for its clients, enhancing its competitive market position.

Booz Allen Hamilton (NYSE: BAH) announced a strategic investment in Reveal Technology, Inc., enhancing its edge analytics capabilities. Reveal's Farsight software provides special operators with actionable intelligence in high-risk environments without the need for network connectivity. This technology integrates into Booz Allen's Digital Battlespace platform, accelerating tactical decision-making. The investment reflects Booz Allen’s commitment to dual-use technologies in defense and public sector missions, with potential applications in natural disaster response and public safety.

Booz Allen Hamilton Holding Corporation (NYSE: BAH) will host a conference call on May 20, 2022, at 8 a.m. EDT to discuss its financial results for the Fourth Quarter and Full Year of Fiscal 2022, ending March 31, 2022. A news release with these results will precede the call. Participants can join by dialing (877) 375-9141 or +1 (253) 237-1151 internationally, using passcode 1866956. A replay will be available starting at 11 a.m. EDT on the same day for 30 days.