Booz Allen Hamilton Hldg Corp Stock Price, News & Analysis

Booz Allen Hamilton (NYSE: BAH) announced the appointment of Maisha Glover as a senior vice president and market strategy leader within its National Security business. Glover brings over 25 years of experience, focusing on large-scale transformations in the intelligence community and Department of Defense. Her expertise includes digital strategy and workforce readiness. Glover's previous roles include senior client development advisor at McKinsey & Company. This strategic addition aims to enhance Booz Allen’s capabilities in addressing complex national security challenges through advanced technologies.

Booz Allen Hamilton (NYSE: BAH) has announced preliminary results for Q3 fiscal 2021, concluding on December 31, 2020. The consulting firm provides management and technology services, focusing on analytics, digital, engineering, and cybersecurity. The company recorded a revenue of $7.5 billion for the year ending March 31, 2020, and employs nearly 27,600 people globally. A conference call is scheduled for January 29, 2021, at 8 a.m. EST to discuss these results, with a public webcast available.

System High Corporation has acquired the Technical, Engineering, Advisory, and Management Support (TEAMS) business of Booz Allen Hamilton (NYSE: BAH), which includes 110 employees and focuses on the Missile Defense Agency (MDA). This strategic acquisition enhances System High's capabilities to provide protection solutions vital to national security. The deal aims to bolster support for MDA operations and expand System High's presence in the Huntsville area. Financial details of the acquisition remain undisclosed.

Booz Allen Hamilton (NYSE: BAH) has made a strategic investment in Tracepoint, a growing digital forensics and incident response company. The investment aims to bolster defenses against increasing cyber threats, crucial due to a rise in sophisticated attacks during the past year. This move aligns with Booz Allen’s commitment to provide extensive cyber services to its global client base, reinforcing its leadership in cybersecurity. The financial terms of the investment were not disclosed.

Booz Allen Hamilton (NYSE: BAH) recently showcased a groundbreaking in-flight AI algorithm in collaboration with the U.S. Air Force’s 9th Reconnaissance Wing U-2 Federal Laboratory. This flight marks the first successful integration of AI working alongside a pilot to complete a complex mission. Significant milestones include modifying an open source reinforcement learning algorithm and developing a web-based interface for pilots. This achievement underscores the potential of AI in enhancing national security and demonstrates Booz Allen's commitment to innovation in defense technologies.

Booz Allen Hamilton Holding Corporation (NYSE: BAH) will host a conference call on January 29, 2021, at 8 a.m. EST to discuss its financial results for the third quarter of Fiscal 2021, ending December 31, 2020. A news release detailing these results will be issued prior to the call. Interested analysts and institutional investors can participate by calling (877) 375-9141 or +1 (253) 237-1151 internationally using passcode 9489244. The call will also be available via webcast on the company's investor relations website.

Booz Allen Hamilton (NYSE: BAH) has been recognized by Frost & Sullivan as the leader in the Managed and Professional Security Services market in the Americas for the third consecutive year. Booz Allen holds a significant market share of 10.7% in a sector projected to grow from $10.88 billion in 2019 to $18.81 billion by 2024, with an annual growth rate of 11.6%. The firm's expertise in cybersecurity and its role as a trusted partner for federal and defense agencies contribute to its competitive edge in addressing escalating cyber threats.

Booz Allen Hamilton (NYSE: BAH) has appointed Andrew Turner as executive vice president and market strategy leader for its global commercial business. With two decades of experience in cybersecurity and corporate resilience, notably from Fidelity National Information Services and Visa, Turner is set to enhance Booz Allen's service offerings amidst a dynamic threat landscape. His expertise includes securing multi-billion-dollar mergers and leading global cybersecurity initiatives. Booz Allen aims to leverage his skills to help clients navigate digital transformation securely and effectively.

Booz Allen Hamilton (NYSE: BAH) has achieved a significant milestone by transitioning its first Information Warfare Research Project (IWRP) prototypes into production via an Other Transaction Award. This award allows for rapid testing and deployment of next-gen communication solutions for the United States Marine Corps (USMC). With a project that began in 2019, Booz Allen's Low Altitude Range Communication System (LARCS) prototype is set for production at nine additional USMC sites, enhancing battlefield readiness and situational awareness.