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Booz Allen Wins $101.8 Million in DOT Contracts

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On Tuesday, government contractor Booz Allen Hamilton (NYSE: BAH  ) announced it has won three separate contracts from the U.S. Department of Transportation's Federal Highway Administration, or FHWA.

Worth a combined $102 million, the contracts call upon Booz to "support to the Office of Operations through policy, programs, and projects that advance operation; communications activities that raise awareness; the development and use of technical tools including models and computer-aided instructional (CAI) projects; technology transfer and technical assistance programs; and program assessment."

Specifically, Booz will be:

  • Facilitating deployment of, and assisting with research on, the FHWA's Intelligent Transportation Systems program, a contract worth $62.8 million.
  • Assisting with performance measurement, planning, arterial, freeway, and traffic corridor management activities -- among others -- on a transportation management and operations contract worth $29.5 million.
  • Performing work on traffic incident and special events management, and emergency transportation operations, on a contract worth $9.5 million.

Shares of Booz Allen were up 1.7% on the news in early trading and closed with a 1.5% gain at $13.56.

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9/26/2016 4:02 PM
BAH $31.18 Up +0.05 +0.16%
Booz Allen Hamilto… CAPS Rating: ***