About Booz Allen Hamilton Holding

Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to the U.S. and international governments, major corporations, and not-for-profit organizations. The company supports its federal government clients by helping them tackle their most complex and pressing challenges, such as protecting soldiers in combat and supporting their families, advancing cyber capabilities, keeping its national infrastructure secure, enabling and enhancing digital services, transforming the healthcare system, and improving governmental efficiency to achieve better outcomes. The company serves commercial clients across industries, including financial services, health and life sciences, energy, and technology. The company manages its business as a single profit center in order to promote collaboration, provide comprehensive functional service offerings across its entire client base, and provides incentives to employees based on the success of the organization as a whole. Innovation and Solutions The company identifies, assesses, builds, and deploys emerging technology solutions, while ensuring that its technical expertise is closely integrated with mission insight from across the business. Within the larger innovation ecosystem, the company cultivates relationships through technology scouting, partnerships, and venturing to identify emerging technology with applicability to its clients' missions. The company then incubates and prototypes that technology against mission use cases to assess market readiness. Once proven, the company focuses on building capacity in emerging technology capabilities and solutions, such as Artificial Intelligence (AI), Cyber, and 5G, in partnership with its business sectors. Throughout this innovation lifecycle, the company focuses on advancing its solution engineering standards, the creation of reusable Intellectual Property/Intellectual Capital, and the application of new business and delivery models. To complement its innovation engine, the company is deeply invested in cultivating and inspiring its technical talent. The company also maintains an active network of innovation centers, labs, and studios that serve clients with some of the best technologies, talent, and research that its industry has to offer. Strategy The key elements of the company’s strategy are to leverage its mission knowledge to get to the future at speed and scale; redefine mission leadership to stand apart in this new era; and put technology at the heart of the client mission to define the next generation of impact. Clients Booz Allen Holding (Booz Allen) is committed to solving the company’s clients’ toughest challenges, and it works with a diverse base of public and private sector clients across a number of industries in the U.S. and internationally, operating at the intersection of technology and mission understanding. The company’s clients call it to work on their hardest problems, such as delivering effective healthcare, protecting soldiers in combat and their families, and keeping its national infrastructure secure. The company invests in markets, capabilities, and talent and is building new business models through strategic ventures, partnerships, and product offerings. The company’s government clients include nearly all of the cabinet-level departments of the U.S. government. The company also serves large commercial clients across industries, including financial services, health and life sciences, energy, and technology to solve their hardest and most sophisticated cyber challenges. Internationally, the company also serves a portfolio of the U.S. and non-U.S. government and commercial clients. The company has long-term client relationships with the U.S. Navy; the U.S. Army; Department of Energy; the U.S. Air Force; National Security Agency; Department of Homeland Security; Federal Bureau of Investigation; Internal Revenue Service; Department of Health and Human Services; National Reconnaissance Office; and a the U.S. intelligence agency. Defense Clients The company is the premier digital integrator for the Department of Defense, blending decades of mission experience with state of-the-art AI/ML, next-generation data solutions, resilient communications, cyber, and advanced software development. As the company operates in an environment where its adversaries are deeply investing in technology, the company designs open architectures to avoid vendor lock, lower lifecycle cost, and maintain a technical edge to modernize, achieve interoperability, and win. The company counts among its many defense clients all four branches of the U.S. military, the Office of the Secretary of Defense, NASA and the Joint Staff. The company’s key defense clients include the Army, Navy/Marine Corps, Air Force, Space Force, and Joint Combatant Commands. Intelligence Clients The company delivers innovative, high-value services, capabilities, and solutions that directly impact core national security missions across the Intelligence Community and national cyber mission providers. The company leverages its knowledge of the mission and tailor its capabilities for its clients—its biggest driver is the demand for innovation, requiring it to be ahead of the pace of technology adoption. The company’s combination of technology, innovation, and talent is helping to shape the future of its national security ecosystem. The company’s intelligence clients are the 18 organizations of the U.S. Intelligence Community, which includes independent agencies, the Department of Defense elements, such as the National Security Agency and Defense Intelligence Agency, and other departments or agencies. Civil Clients The company’s civil work centers on the federal missions that are the highest priority to the domestic agenda, and it excels at helping its clients innovate their most-critical missions. From healthcare, homeland security, and financial services to justice, law enforcement, immigration, energy, transportation, and labor, the company works at the core of the mission to address its clients' most pressing needs. The company’s major civil government clients include the Departments of Veterans Affairs, Health and Human Services, Treasury, Labor, Homeland Security, Justice, Energy, Commerce, and Transportation. Modernization, transformation, and reform are key needs of its clients, and it offers the technical expertise and mission understanding that is required to deliver innovative solutions to all its clients' needs across the civil portfolio. Global Commercial Clients The Global Commercial business partners with clients, from sophisticated multinational organizations to small-to-medium organizations, to elevate their businesses to new heights. The company delivers advanced cyber defense solutions across two industry leading lines of business: enterprise consulting and incident response. The company’s team is led by practitioners with decades of cyber operational, strategic consulting, incident response, commercial, and federal experience. The company’s extensive industry expertise is earned through years of working with market leading clients in financial services, health and life sciences, software and technology, high tech manufacturing, logistics, and energy. In fiscal 2023 (year ended March 31, 2023), the company completed the divestiture of its management consulting business serving the Middle East and North Africa region, and also the divestiture of its commercial Managed Threat Services business. Contracts The company’s diverse contract base provides stability to its business. Patents and Proprietary Information The company has a variety of trademarks registered in the United States and certain foreign countries, including Booz Allen Hamilton. Generally, registered trademarks have perpetual life, provided that they are renewed on a timely basis and continue to be used properly as trademarks. The company has registered trademarks related to its name and logo in the United States, with the earliest renewal in May 2027, while the earliest renewal for its trademarks outside of the United States is June 2023. For the company’s work under U.S. government funded contracts and subcontracts, the U.S. government obtains certain rights to data, software, and related information developed under such contracts or subcontracts. Booz Allen Hamilton and other trademarks or service marks of the company. Seasonality The company has historically experienced higher bid and proposal costs in the months leading up to the U.S. government's fiscal year end as it pursues new contract opportunities being awarded shortly after the U.S. government fiscal year end as new opportunities are expected to have funding appropriated in the U.S. government's subsequent fiscal year (year ended March 31, 2023). Regulation As a contractor to the U.S. government, as well as state and local governments, the company is heavily regulated in most fields in which it operates. The company deals with numerous U.S. government agencies and entities, and, when working with these and other entities, it must comply with and is affected by unique laws and regulations relating to the formation, administration, and performance of public government contracts. Some significant laws and regulations that affect the company include the following: the FAR, and agency regulations supplemental to the Federal Acquisition Regulation (FAR), which regulate the formation, administration, and performance of U.S. government contracts; the False Claims Act, which imposes civil and criminal liability for violations, including substantial monetary penalties, for, among other things, presenting false or fraudulent claims for payments or approval; the False Statements Act, which imposes civil and criminal liability for making false statements to the U.S. government; the Truthful Cost or Pricing Data Statute, which requires certification and disclosure of cost and pricing data in connection with the negotiation of certain contracts, modifications, or task orders; the Procurement Integrity Act, which regulates access to competitor bid and proposal information and certain internal government procurement sensitive information, and its ability to provide compensation to certain former government procurement officials; the Contractor Business Systems rule, which authorizes Department of Defense agencies to withhold a portion of the company’s payments if it is determined to have a significant deficiency its accounting, cost estimating, purchasing, earned value management, material management and accounting, and/or property management system; and the Cost Accounting Standards and Cost Principles, which impose accounting and allowability requirements that govern the company’s right to reimbursement under certain cost-based U.S. government contracts and require consistency of accounting practices over time. Given the magnitude of the company’s revenue derived from contracts with the Department of Defense, the Defense Contract Audit Agency (DCAA is its cognizant government audit agency. The DCAA audits the adequacy of the company’s internal control systems and policies, including among other areas, compensation. The Defense Contract Management Agency (DCMA), as the company’s cognizant government contract management agency, may determine that a portion of its employee compensation is unallowable based on the findings and recommendations in the DCAA's audits. Internationally, the company is subject to special U.S. government laws and regulations (such as the Foreign Corrupt Practices Act), local government regulations and procurement policies and practices, including regulations relating to import-export control, investments, exchange controls, and repatriation of earnings, as well as varying currency, political, and economic risks. History Booz Allen Hamilton Holding Corporation was founded in 1914. The company was incorporated in Delaware in 2008.