Booz Allen (BAH) Gets Beaten, Falls 8% as Treasury Dept Terminates Entire Contract

We precocious published 10 Big Names Stumbling Hard. Booz Allen Hamilton Holding Corp. (NYSE:BAH) was 1 of the worst performers connected Monday.

Booz Allen Hamilton snapped a three-day winning streak connected Monday, losing 8.12 percent to adjacent astatine $93.93 apiece pursuing the Treasury Department’s termination of each contracts with the institution successful narration to a taxation accusation leak of the wealthiest radical successful the US.

On Monday, Treasury Secretary Scott Bessent announced that helium had cancelled each contracts aft Charles E. Littlejohn, a erstwhile Booz Allen Hamilton Holding Corp. (NYSE:BAH) employee, linked taxation accusation of immoderate of the wealthiest people, including President Donald Trump, Elon Musk, and Jeff Bezos, among others.

“President Trump has entrusted his furniture to basal retired waste, fraud, and abuse, and canceling these contracts is an indispensable measurement to expanding Americans’ spot successful government,” Bessent said.

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“Booz Allen failed to instrumentality capable safeguards to support delicate data, including the confidential payer accusation it had entree to done its contracts with the Internal Revenue Service,” helium added.

The announcement followed Booz Allen Hamilton Holding Corp.’s (NYSE:BAH) 3rd 4th net telephone connected Friday, wherever it besides provided an outlook for the afloat fiscal twelvemonth of 2026.

For the said period, Booz Allen Hamilton Holding Corp. (NYSE:BAH) said that revenues were lowered to a scope of $11.3 cardinal to $11.4 billion, versus the high-end scope of $11.5 cardinal previously. The caller fig implies a diminution of 5 to 6 percent year-on-year.

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READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This nonfiction is primitively published at Insider Monkey.