Booz Allen Hamilton Hldg Corp Stock Price, News & Analysis

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.