Booz Allen Hamilton Hldg Corp Stock Price, News & Analysis

Booz Allen Hamilton (NYSE: BAH) has been awarded a significant contract by the U.S. Department of Homeland Security to support the Cybersecurity Infrastructure Security Agency's (CISA) Continuous Diagnostics and Mitigation (CDM) DEFEND program. The three-year task order has a base value of $421 million and a ceiling of $1.2 billion.

Under this contract, Booz Allen will provide cybersecurity tools and expertise to 13 government agencies, including NASA, IRS, and HHS. The company will focus on four key areas: asset management, identity and access management, network security management, and data protection management. Additionally, Booz Allen will help civilian agencies mature their posture against each zero trust pillar.

This award extends Booz Allen's role in deploying cyber capabilities to the federal civilian enterprise and providing actionable data for risk-based decision making, reinforcing its position as a leading systems integrator for the CDM program since its inception in 2014.

Booz Allen Hamilton (NYSE: BAH) has secured a position on the FBI's $8 billion Information Technology Supplies and Support Services 2nd generation (ITSSS-2) blanket purchase agreement. This contract, the largest IT vehicle ever established by the FBI, focuses on obtaining critical technologies for IT support and modernization. Booz Allen will assist in providing emerging technologies and IT support services for various projects and programs, including workplace solutions, business applications, and platform and infrastructure solutions.

The company plans to leverage its expertise in AI, quantum computing, agile software development, advanced data analytics, cloud solutions, and cybersecurity services. Work will be conducted in the Washington, DC area and Huntsville, Alabama, where the FBI is establishing an Innovation Center. This contract builds on Booz Allen's long-standing support for law enforcement and national security missions.

Booz Allen Hamilton (NYSE: BAH) has secured a $506 million contract to support the U.S. Army's Future Vertical Lift Cross Functional Team and Program Executive Office Aviation. This five-year contract, the company's largest Information Analysis Center Multiple Award Contract Task Order to date, focuses on implementing a Modular Open Systems Approach (MOSA) strategy.

The project aims to develop, integrate, and field critical technologies for warfighters, enhancing Reliability, Maintainability, Quality, Supportability, and Interoperability (RMQSI) for weapons systems. Booz Allen will lead a nationwide team of over 20 businesses and universities, providing expertise in digital engineering, analytics, cyber, exercise planning, and software development.

Booz Allen Hamilton (NYSE: BAH) has successfully deployed a generative AI large language model (LLM) in space using HPE's Spaceborne Computer-2 on the International Space Station (ISS) National Lab. This groundbreaking achievement aims to enable astronauts to use generative AI without relying on Earth-bound internet in the resource-constrained space environment.

The LLM application, developed over eight weeks, demonstrates Booz Allen's ability to deploy state-of-the-art generative AI techniques in edge computing environments. This proof-of-concept can play a critical role in providing remote data ingestion and retrieval-augmented generation, helping edge-deployed personnel efficiently retrieve information and solve complex issues using natural language processing in space.

Booz Allen Hamilton Holding (NYSE: BAH) has announced preliminary results for the first quarter of fiscal year 2025. The company, which is the parent of management and technology consulting firm Booz Allen Hamilton Inc., will host a conference call on July 26, 2024, at 8 a.m. EDT to discuss the financial results. Analysts and institutional investors can participate by registering online, while the public can access the webcast through the company's investor relations website. A replay of the call will be available for 12 months starting at 11 a.m. EDT on the same day. The full press release and earnings presentation are available on the company's website for detailed information.

Booz Allen Hamilton's corporate venture capital arm, Booz Allen Ventures, has made a strategic investment in Quindar, a commercial space technology company focused on automating satellite operations. This move aligns with Booz Allen's VoLT business strategy, which emphasizes velocity, leadership, and technology. The investment aims to enhance security, automation, and data collection for global decision-making in the space domain.

Quindar's virtualized, cloud-scalable platform improves command capabilities of spacecraft fleets using non-proprietary tech, aiming to create near-autonomous command and control (C2) capabilities for space battle management. This is Booz Allen's second space-focused investment since 2022 and its tenth overall.

The collaboration underscores the importance of dual-use technology and federal-commercial partnerships to modernize legacy systems, integrating AI-enabled technologies for mission success.

Booz Allen Hamilton Holding (NYSE: BAH) will host a conference call on July 26, 2024, at 8 a.m. EDT to discuss its First Quarter Fiscal 2025 financial results. The results, covering the period ending June 30, 2024, will be released before the call. Analysts and institutional investors can register online at investors.boozallen.com at least 15 minutes before the call. The call will be webcast live for public access through the same site. A replay of the conference will be available from 11 a.m. EDT on July 26, 2024, for 12 months.

Booz Allen Hamilton (NYSE: BAH) has secured a seven-year, $419 million contract with the National Science Foundation (NSF) to modernize and support the agency's Information Technology Mission Application Support (ITMAS). This includes enhancing the merit review and grants management system, vital for scientific research investments. Booz Allen will leverage its expertise in modern software development, DevSecOps automation, and cloud platform resiliency, alongside AI technologies, to improve NSF's mission-critical systems. The contract continues nearly 20 years of collaboration, emphasizing Booz Allen's role in driving technological and scientific advancement in the U.S.

Booz Allen Hamilton has released a report titled “What We Don’t Know About Women Warriors 2024: Resilience and the Woman Warfighter,” highlighting the need for investment in human performance technology tailored to female warfighters. The report details how advanced technology like data science, wearable sensors, and virtual reality can enhance training, resiliency, and recovery for women in the military. Drawing attention to gender biases, the report advocates for a holistic approach to support physical and cognitive wellbeing. This release aligns with Booz Allen's support of the 2024 Warrior Games, where they will implement these technologies to boost performance.