National Science Foundation Awards Booz Allen $419M Technology Modernization Contract
Portfolio Pulse from Benzinga Newsdesk
Booz Allen Hamilton (NYSE: BAH) has been awarded a $419 million, seven-year contract by the National Science Foundation to modernize and support its IT operations. This contract will enhance the NSF's merit review and grants management system, leveraging Booz Allen's expertise in IT transformation.
July 01, 2024 | 12:09 pm
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Booz Allen Hamilton has secured a significant $419 million contract with the National Science Foundation to modernize its IT operations. This contract is expected to enhance Booz Allen's revenue and solidify its position as a leading provider of IT transformation services to the federal government.
The $419 million contract with the NSF is a substantial win for Booz Allen Hamilton, likely to positively impact its revenue and market position. The long-term nature of the contract (seven years) provides financial stability and showcases Booz Allen's expertise in IT transformation, which could attract further contracts.
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