Blog Exposure - Booz Allen Hamilton Selected by Department of Homeland Security as Prime Contractor on $621M Task Order

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LONDON, UK / ACCESSWIRE / February 06, 2018 / Active-Investors.com has just released a free research report on Booz Allen Hamilton Holding Corp. (NYSE: BAH) (“Booz Allen”). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=BAH as the Company's latest news hit the wire. On February 02, 2018, the Company declared that it has been selected as the first prime contractor for a $621 million, six-year task order to strengthen the cybersecurity and secure the United States Government's networks from cyber threats. The Company was selected by Department of Homeland Security (DHS), under the next chapter of the Continuous Diagnostics and Mitigation (CDM) Program. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Booz Allen Hamilton Holding most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Details of the Contract

The new contract will extend across the three current and possible future CDM Phases and is part of the larger DEFEND Program, which has a total value of up to $3.4 billion. The CDM DEFEND program will focus on reducing the Federal Government's threat surface by delivering innovative solutions that adapt to dynamic Agency environments and combat the latest cyber adversaries. This critical mission to develop and deploy next-generation cyber capabilities will be led by a partnership between DHS, the Federal Systems Integration, and Management Center (FEDSIM) within the Government Services Administration and the task order's seven participating Agencies.

Booz Allen's Work Will Expand into New Areas of Cybersecurity

Marcie Nagel, Principal and Leader of Booz Allen's CDM work, stated that the Company's work will expand into new areas of cybersecurity, like incident response and automation.

Marcie added that this work aims to help these federal departments and agencies leverage new capabilities that will ultimately empower the Company's clients to defend their networks faster with more flexibility and greater visibility into the network itself.

Booz Allen Won Multiple CDM Task Orders from Department of Homeland Security in 2015

In 2015, Booz Allen was awarded multiple contracts to partner with DHS and to implement the CDM Program. Within the first Phase of CDM Program, the Company integrated foundational cybersecurity solutions that spanned 80% of the (dot)gov enterprise and gave the 13 participating departments and agencies unprecedented visibility into their networks. The Company has supported the DHS CDM efforts, far helping 13 Federal Agencies deploy cybersecurity tools to better protect four million computers.

About Continuous Diagnostics and Mitigation Program

The CDM program, established by DHS in 2012, is a dynamic approach to fortifying the cybersecurity of government networks and systems. CDM provides federal departments and agencies with capabilities and tools that identify cybersecurity risks on an ongoing basis, prioritize these risks based upon potential impacts, and enable cybersecurity personnel to mitigate the most significant problems first.

About Booz Allen Hamilton Holding Corp.

Founded in 1914 and headquartered in McLean, Virginia, Booz Allen Hamilton Holding provides management and technology consulting and engineering services to leading Fortune 500 corporations, governments, and not-for-profits across the globe. The Company partners with public and private sector clients to solve their most difficult challenges through a combination of consulting, analytics, mission operations, technology, systems delivery, cybersecurity, engineering, and innovation expertise.

Stock Performance Snapshot

February 05, 2018 - At Monday's closing bell, Booz Allen Hamilton's stock dropped 4.97%, ending the trading session at $36.74.

Volume traded for the day: 1.94 million shares, which was above the 3-month average volume of 766.93 thousand shares.

Stock performance in the previous six-month period – up 6.15%; and past twelve-month period – up 6.46%

After yesterday's close, Booz Allen Hamilton's market cap was at $5.49 billion.

Price to Earnings (P/E) ratio was at 20.37.

The stock has a dividend yield of 1.85%.

The stock is part of the Services sector, categorized under the Management Services industry.

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