Booz Allen Hamilton HullMA Curl Up On $630 Million Contract

The HullMA has a confirmed curl up on October 6, 2023, days after the company announced that it won a $630 million contract from Space Force.

Booz Allen Hamilton announced on October 4, 2023, that Space Force had given it a seven-year, $630 million, single-award contract to support the engineering and integration of the newest space-based missile warning, environmental monitoring, surveillance, reconnaissance, and tracking systems. In the course of this work, Booz Allen will aid Space Systems Command (SSC), the Space Force field command for space development, acquisition, launch, and logistics, in developing robust space sensing capabilities. In addition, the firm will integrate the Next Generation Overhead Persistent Infrared (OPIR) program, a $14.4 billion program to upgrade U. S. capabilities for tracking and missiles warning to counter new missile threats.

This contract will leverage Booz Allen’s capabilities and mission expertise in digital engineering, mission integration, agile software development, cybersecurity, change management, AI, and machine learning (ML) to help the Space Force achieve its vision for a Digital Service. It also demonstrates the importance of the space domain in providing warfighters and intelligence organizations with crucial information for making crucial decisions in order to defend the country.

Space Force is a branch of the United States Armed Forces that was established on December 20, 2019, with the signing of the National Defense Authorization Act for Fiscal Year 2020. It is the first new military service created by the United States in over 70 years, following the establishment of the Air Force in 1947. The primary mission of the United States Space Force is to organize, train, and equip space forces in order to protect U.S. and allied interests in space and to provide space capabilities to the joint force. It is responsible for developing military space professionals, acquiring space systems, and providing space capabilities to the other branches of the U.S. military. The establishment of Space Force reflects the increasing importance of space in military operations, as space assets are critical for communication, intelligence, surveillance, reconnaissance, navigation, and other strategic capabilities. It is intended to ensure the United States is better prepared to protect its interests and assets in space, while also providing support to ground and air operations.

“Booz Allen has been a trusted partner for defense, national security, and civil space missions for more than 50 years, starting with the nation’s first missile defense strategy,” said Andrea Inserra, executive vice president and leader in Booz Allen’s Aerospace business, which includes critical work for the U.S. Air Force, Space Force, U.S. Space Command, and NASA. “This is an exciting moment for Booz Allen, and we are thrilled to continue building upon our partnership with Space Force and the Department of Defense for critical missions aimed at accelerating and maintaining space superiority and driving information to action—no matter the domain.”

Work on the contract will primarily take place in El Segundo, California, and Colorado Springs and Aurora, Colorado, with the ability to leverage teams and technology capabilities at additional U.S. locations as needed.

“This contract win is a key element of Booz Allen’s long-term, multiyear space strategy to meet client needs at the intersection of mission and technology,” said Eric Hoffman, vice president and leader in Booz Allen’s space business. “This partnership reaffirms Booz Allen’s position as a leader in building and delivering world-class, mission-critical systems engineering, cyber architecture, and remote sensing capabilities to sustain U.S. space superiority.”

Booz Allen awarded $151M U.S. Army contract

On September 22, 2023, Booz Allen Hamilton was awarded a $150,949,292 cost-plus-fixed-fee contract for technology, innovation, and data engineering research and development; and disruptive intelligence, surveillance, and reconnaissance, science and technology research and development.

Booz Allen upgraded at BofA

On October 3, 2023, BofA analyst Ronald Epstein raised Booz Allen from Neutral to Buy with a price target of $130, up from $110. Booz Allen, which reported strong fiscal Q1 organic growth and hiring momentum, has unique exposure to rapidly growing technologies and modernization efforts supports strong organic growth in the near-term, the analyst tells investors. The analyst added that weaker-than-expected M&A activity also redistributes capital to the company’s historically successful, shareholder-friendly strong dividend and buybacks approach.

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