Booz Allen Hamilton Reveals Strategic Investment In Onboard Data Company Shift5; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Booz Allen Hamilton has made a strategic investment in onboard data company Shift5, marking the first investment by Booz Allen Ventures aligned with the firm's National Cyber business. Financial terms were not disclosed.
June 08, 2023 | 12:09 pm
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Booz Allen Hamilton invests in Shift5, expanding its National Cyber business through Booz Allen Ventures.
The strategic investment in Shift5 by Booz Allen Hamilton is expected to have a positive short-term impact on BAH's stock price. This investment aligns with the firm's National Cyber business, indicating a potential expansion in this area and a commitment to growth. The partnership with Shift5 could lead to new opportunities and increased revenues for BAH.
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