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Booz Allen Hamilton

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business1 year ago

Palantir and Booz Allen Join Forces to Boost U.S. Defense

Palantir Technologies has partnered with Booz Allen Hamilton to enhance U.S. national defense through modernized information infrastructure and secure interoperability. This collaboration aims to improve integrated warfighting operations with coalition partners. Following the announcement, Palantir's stock rose over 4%, continuing its significant 2024 rally, while Booz Allen's stock increased by more than 1%. Palantir, which derives a substantial portion of its revenue from U.S. government agencies, also announced a partnership with Amazon Web Services and Anthropic to provide AI models to U.S. intelligence and defense agencies.

via Investor's Business Daily|
#booz-allen-hamilton#business#national-defense
business2 years ago

Booz Allen Hamilton's Impressive Growth: 2,700 Jobs Added, Quadrupled Profits

Booz Allen Hamilton, a government consultant based in McLean, Virginia, saw its quarterly profits quadruple from a year ago, with a fiscal third quarter net income of $146.6 million and revenue of almost $2.6 billion. The company added 2,700 jobs in 2023, ending the year with almost 34,000 employees globally, and raised its revenue forecast for 2024 to as much as 15%, with a backlog of $34.3 billion in contracted work.

via WTOP|
#booz-allen-hamilton#business#government-consulting
technology2 years ago

Booz Allen secures $630 million contract for U.S. Space Force satellite systems support

The U.S. Space Force has awarded a $630 million contract to Booz Allen Hamilton for the systems engineering and integration of satellite systems used for missile warning, environmental monitoring, and surveillance. Booz Allen will support satellite programs run by the Space Systems Command's space sensing program office, including the Next Generation Overhead Persistent Infrared (OPIR) and legacy constellations. The company will be responsible for integrating different elements of major space sensing programs and applying artificial intelligence and machine learning technologies to help operators analyze data. The contract was initially put on hold due to protests but was cleared to move forward in June 2023.

via SpaceNews|
#booz-allen-hamilton#contract-award#satellite-systems
government-fraud2 years ago

DOJ's Oversight Failures Enable Rampant Fraud, Whistleblower Reveals

Whistleblower Sarah Feinberg, who exposed overbilling practices at consulting firm Booz Allen Hamilton, believes that the Justice Department's settlement of $377 million with the firm is insufficient and that government contractors are still incentivized to defraud the government due to the department's weakness. Feinberg claims that she identified over $250 million of overbilling by Booz Allen, estimating the total scope of the fraud to be at least $500 million. She argues that the settlement represents an interest-free loan rather than a penalty for the fraud. The Justice Department defends the settlement as the largest in history and states that it will continue to be vigilant in similar cases. Booz Allen declined to address Feinberg's new allegations.

via POLITICO|
#booz-allen-hamilton#government-contracts#government-fraud
business2 years ago

Booz Allen Hamilton Settles False Charges with $377 Million Payment

Defense contractor Booz Allen Hamilton has agreed to pay $377 million to settle a lawsuit accusing the company of overcharging the U.S. government to cover losses in other areas of its business. The settlement, one of the largest under the federal False Claims Act, comes after a six-year investigation. A related criminal investigation was closed without charges, while a separate probe by the Securities and Exchange Commission remains open. The case was brought to light by a whistleblower who claimed the company fraudulently billed the government for excess fees. The whistleblower stands to receive nearly $70 million from the settlement.

via The Washington Post|
#booz-allen-hamilton#business#defense-contractor
sports2 years ago

Lloyd Howell: From Booz Allen to NFLPA Executive Director

Lloyd Howell, the new executive director of the NFL Players Association, previously worked for Booz Allen Hamilton, a firm that played a significant role in the merger of the NFL and AFL in 1966. Booz Allen also provided services for individual teams in the 2000s. Howell stated that he has no existing relationship with NFL Commissioner Roger Goodell and emphasized the need for a healthy tension between labor and management. The players have chosen Howell to strike a balance in their relationship with the league.

via NBC Sports|
#booz-allen-hamilton#lloyd-howell#nfl
sports2 years ago

Lloyd Howell appointed as NFLPA's Executive Director

The NFL Players Association has elected Lloyd Howell as its new executive director, succeeding DeMaurice Smith. Howell, who was previously the CFO at Booz Allen Hamilton, was chosen by the NFLPA's Board of Player Representatives. The selection process for the new head of the union had been unclear, with players reportedly being kept in the dark. Howell's priorities for the union have not been disclosed.

via NBC Sports|
#booz-allen-hamilton#demaurice-smith#executive-director