Watch stocks you care about
The single, easiest way to keep track of all the stocks that matter...
Your own personalized stock watchlist!
It's a 100% FREE Motley Fool service...
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.