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Latest Federal & Government Contracting Companies' News Coverage

Latest Federal & Government Contracting Companies' News Coverage

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Booz Allen Hamilton booked $2.28 billion in revenue for the third quarter of its 2023 fiscal year, a 12.1 percent increase over the year-ago period. Sales rose to $6.83 billion for the nine months ended Dec. 31, 2022, from the $6.13 billion recorded in the prior-year period, the management and information technology consultancy said Friday. […] More
Longtime Booz Allen Hamilton executive Kristine Martin Anderson has been promoted to the role of chief operating officer from her post as the company’s civil sector president. Anderson will be tasked with emboldening Booz Allen’s operational performance as well as partnering with other team leaders to evolve the enterprise’s business model, the McLean, Virginia-based firm said Friday. Horacio […] More
Booz Allen Hamilton has completed the acquisition of Liberty IT Solutions for $725 million in an effort to enhance the former’s ability to deliver end-to-end digital offerings and expand its digital transformation portfolio. Liberty will now operate as a Booz Allen company and integrate with its Civilian Services Group led by Executive Vice President Kristine […] More
Booz Allen Hamilton CEO Horacio Rozanski said during a recent earnings call the company has invested in artificial intelligence as the Defense Department and federal agencies tap into the technology, National Defense Magazine reported Tuesday. “We see this as the beginning of something. The market for [AI] is here and Booz Allen is well prepared to capture it,” Rozanski added. […] More
Horacio Rozanski, CEO of Booz Allen Hamilton, has said the U.S. needs a national strategy to advance the development of artificial intelligence as the country is in a “close race” with China over the technology, Bloomberg reported Friday. “I’m not sure that there’s a coordinated approach between the private sector and the public sector, and those […] More
Booz Allen Hamilton executives believe talent recruitment and retention efforts will serve as a growth driver for the company moving forward, The Washington Business Journal reported Tuesday. “We feel really good about our overall capacity to attract and retain the right kind of talent,” Booz Allen CEO Horacio Rozanski told analysts during an earnings call Tuesday. […] More
Booz Allen Hamilton has established a public charity that aims to help address social challenges and strengthen community resilience with the use of technology. The company said Wednesday pledged an initial $5 million to support the Booz Allen Foundation’s mission across its primary focus areas of public health, military veteran services, youth and education. “Establishing an independent foundation to […] More
Horacio Rozanski, successor to Ralph Shrader as CEO of Booz Allen Hamilton, plans to focus his efforts on helping the firm navigate the current budget environment and a potential expansion into Asia, the Washington Post reported Sunday. Rozanski told Post reporter Amrita Jayakumar that the firm’s Vision 2020 strategy aims to leverage Booz Allen’s new technology and engineering offerings as its government client base […] More

Horacio Rozanski, president and CEO of Booz Allen Hamilton, has said the defense sector may face challenges when  implementing artificial intelligence in battlefield operations, but he believes the technology will advance once deployed. Tom Arseneault, president and chief operating officer of BAE Systems' U.S. subsidiary, suggested the use of a modeling approach to test AI technology.

Several Virginia-based defense, aerospace and government services companies landed spots on the 2023 Fortune 1000 list, which ranks the 1,000 largest U.S. public and private corporations by total revenue, Virginia Business reported Monday. Boeing and Raytheon Technologies, previously based in Chicago and Massachusetts, respectively, relocated their headquarters to Arlington County in 2022. New to the […] More
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