Release Details

McLean, VA

Booz Allen has agreed to settle the U.S. Department of Justice’s (DOJ) civil investigation into highly technical elements of the company’s government cost accounting and indirect cost charging practices filed in September 2016, which has been under seal. The settlement amount of $377.5 million is within the range the company previously disclosed on May 26, 2023.  

Booz Allen has always believed it acted lawfully and responsibly. It decided to settle this civil inquiry for pragmatic business reasons to avoid the delay, uncertainty, and expense of protracted litigation. The company did not want to engage in what likely would have been a years-long court fight with its largest client, the U.S. government, on an immensely complex matter. This settlement ends the DOJ’s civil investigation more than six years after it began. DOJ closed its parallel criminal investigation more than two years ago, taking no action. 

The company fully cooperated with the government and is pleased to move forward. Booz Allen has always prided itself in providing exceptional client service, operating with integrity, and seeking to continuously improve.  

Facts about Booz Allen’s settlement with the Department of Justice

About Booz Allen Hamilton

Trusted to transform missions with the power of tomorrow’s technologies, Booz Allen Hamilton advances the nation’s most critical civil, defense, and national security priorities. We lead, invest, and invent where it’s needed most—at the forefront of complex missions, using innovation to define the future. We combine our in-depth expertise in AI and cybersecurity with leading-edge technology and engineering practices to deliver impactful solutions. Combining more than 100 years of strategic consulting expertise with the perspectives of diverse talent, we ensure results by integrating technology with an enduring focus on our clients. We’re first to the future—moving missions forward to realize our purpose: Empower People to Change the World^®.

With global headquarters in McLean, Virginia, our firm employs approximately 31,900 people globally as of March 31, 2023 and had revenue of $9.3 billion for the 12 months ended March 31, 2023. To learn more, visit www.boozallen.com. (NYSE: BAH)

Contacts

Media Relations: Jessica Klenk, Klenk_Jessica@bah.com

Investor Relations: Nathan P. Rutledge, Rutledge_Nathan@bah.com