Latest news with #MattCalderone
Yahoo
21-07-2025
- Business
- Yahoo
Booz Allen Just Unleashed $300M Into Defense Startups--Here's What That Could Mean for AI and Drones
Booz Allen Hamilton (NYSE:BAH) is making a bold move in the venture worldtripling the size of its corporate VC arm to $300 million. Since launching in 2022, the firm has already deployed $100 million into frontier defense startups like Firestorm Labs (3D-printed drones) and Hidden Level (passive radar systems). With this expansion, Booz Allen isn't trying to play the billion-dollar Sand Hill Road gameit's carving a different lane: helping cutting-edge tech firms get inside the gates of government. The best startups don't need capital, said CFO Matt Calderone. They need help growing faster or accessing the government. That's the bet. Booz Allen brings both. While most VCs are still shaking off the post-pandemic hangover, corporate-backed investing is holding steady. In fact, corporate VC activity jumped 20% last year to hit $133 billion, per Global Corporate Venturing's latest report. Booz Allen is leaning into this trendwith an angle. It's not just writing checks. It's offering startups something harder to find: navigation inside a bureaucracy that most founders don't understand. The firm's dual fluency in technology and government processes might make it an unexpected kingmaker for AI, cyber, quantum, and next-gen defense tech. And now they're going bigger. With the fresh capital, Booz Allen Ventures plans to expand into U.S. manufacturing and reindustrializationa strategic shift with serious geopolitical undertones. We're going to go pretty hard on jobs, manufacturing, and reindustrialization, Calderone added. It's a signal that the firm sees national security as more than just softwareit's about rebuilding industrial muscle, too. For investors watching the intersection of defense, tech, and policy, this could be a space to watch closely. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
21-07-2025
- Business
- Business Wire
Booz Allen Triples Venture Capital Commitment to $300 Million
MCLEAN, Va.--(BUSINESS WIRE)--Advanced technology company Booz Allen Hamilton (NYSE: BAH) announced today that it is tripling its venture capital commitment from $100 million to $300 million. Booz Allen Ventures will use the capital to bolster American innovation and build new solutions through investments in early-stage technology companies poised to transform U.S. government missions. The company anticipates making 20–25 new investments over the next five years. 'The success of Booz Allen Ventures shows the power of combining our advanced technology and deep expertise with strategic investments in revolutionary start-ups,' said Matt Calderone, CFO at Booz Allen. 'The success of Booz Allen Ventures shows the power of combining our advanced technology and deep expertise with strategic investments in revolutionary start-ups,' said Matt Calderone, chief financial officer at Booz Allen. 'We are in a race for global tech supremacy, and America's innovation ecosystem is our most important source of strategic advantage. Booz Allen is committed to fueling the solutions that will keep the U.S. strong, safe and prosperous.' The expansion builds on the success of Booz Allen Ventures' investments over the last three years, with strong performance among 17 portfolio companies to date, including Albedo, Hidden Level, Second Front and Shift5. These investments have delivered mission value and strategic growth opportunities across Booz Allen's global defense, national security, and civil businesses. 'Hidden Level is proud to be a part of the Booz Allen Ventures portfolio, where our shared commitment to national security translates into a strong strategic working relationship,' said Jeff Cole, CEO and co-founder of Hidden Level. 'Together, we are not just developing but delivering real solutions for DOD customers: combining innovation, technical rigor and operational readiness to protect the warfighter and U.S. critical infrastructure.' Booz Allen Ventures' portfolio companies deliver advanced solutions in areas including artificial intelligence, autonomy, cyber, space and quantum computing. In addition to capital, Booz Allen's investments include strategic partnership to co-create solutions, navigate risks and challenges in the federal environment and bring cutting-edge technology to critical missions. Booz Allen Ventures will remain focused on bringing the most promising commercial technologies to essential missions, from increasing space domain awareness to strengthening border security and modernizing the nation's military. In addition to its current areas of focus—artificial intelligence, cyber, defense tech, and deep tech—Booz Allen Ventures is expanding to invest in companies driving American reindustrialization. 'Our national defense requires fast, powerful technology solutions that deliver outcomes when they are needed most,' said Brian MacCarthy, managing partner of Booz Allen Ventures. 'We've never lost sight of that mission; Booz Allen has been serving it every day for decades. Now, among fierce global technology competition and evolving geopolitics, this expansion gives us new capacity to collaborate and build with brilliant founders and deliver the best commercial tech to our nation at speed and scale.' Read more about Booz Allen Ventures. About Booz Allen Hamilton Booz Allen is an advanced technology company delivering outcomes with speed for America's most critical defense, civil, and national security priorities. We build technology solutions using AI, cyber, and other cutting-edge technologies to advance and protect the nation and its citizens. By focusing on outcomes, we enable our people, clients, and their missions to succeed—accelerating the nation to realize our purpose: Empower People to Change the World ®. With global headquarters in McLean, Virginia, our firm employs approximately 35,800 people globally as of March 31, 2025, and had revenue of $12.0 billion for the 12 months ended March 31, 2025. To learn more, visit (NYSE: BAH) Forward-Looking Statements Certain statements contained in this release include 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Examples of forward-looking statements include statements that do not directly relate to any historical or current fact. In some cases, you can identify forward-looking statements by terminology such as 'may,' 'will,' 'could,' 'should,' 'forecasts,' 'expects,' 'intends,' 'plans,' 'anticipates,' 'projects,' 'outlook,' 'believes,' 'estimates,' 'predicts,' 'potential,' 'continue,' 'preliminary,' or the negative of these terms or other comparable terminology. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we can give you no assurance these expectations will prove to have been correct. These forward-looking statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. A number of important factors could cause actual results to differ materially from those contained in or implied by these forward-looking statements, including those factors discussed in our filings with the Securities and Exchange Commission (SEC), including our Annual Report on Form 10-K for the fiscal year ended March 31, 2025, which can be found at the SEC's website at All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the foregoing cautionary statements. All such statements speak only as of the date made and, except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. BAHPR-CO
Yahoo
25-05-2025
- Business
- Yahoo
Why Booz Allen Hamilton Holding Corporation (BAH) Crashed On Friday
We recently published a list of . In this article, we are going to take a look at where Booz Allen Hamilton Holding Corporation (NYSE:BAH) stands against other Friday's worst-performing stocks. Booz Allen fell by 16.53 percent on Friday to finish at $107.79 each as investors were spooked by a pessimistic outlook and announcements of job cuts. In a stockholders' meeting on Friday, Booz Allen Hamilton Holding Corporation (NYSE:BAH) said it was slashing as much as 7 percent of its 36,000 total workforce this quarter in response to the Trump administration's move to reduce government spending. According to Chief Finance Officer Matt Calderone, most of the job cuts will take place in the civil business. A technician testing and configuring a digital solution at a lab workstation. 'We are seeing agency reorganizations, reductions in government personnel and spending levels, as well as contract reviews,' said CEO Horacio Rozanski. 'These are especially acute in civilian agencies.' Booz Allen Hamilton Holding Corporation (NYSE:BAH) generates most of its revenues from government contracts. With the reduced government spending, it said it now expects revenues to fall by low double-digits in the full fiscal year of 2026. Overall, BAH ranks 3rd on our list of Friday's worst-performing stocks. While we acknowledge the potential of BAH, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BAH and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
24-05-2025
- Business
- Yahoo
Why Booz Allen Hamilton Holding Corporation (BAH) Crashed On Friday
We recently published a list of . In this article, we are going to take a look at where Booz Allen Hamilton Holding Corporation (NYSE:BAH) stands against other Friday's worst-performing stocks. Booz Allen fell by 16.53 percent on Friday to finish at $107.79 each as investors were spooked by a pessimistic outlook and announcements of job cuts. In a stockholders' meeting on Friday, Booz Allen Hamilton Holding Corporation (NYSE:BAH) said it was slashing as much as 7 percent of its 36,000 total workforce this quarter in response to the Trump administration's move to reduce government spending. According to Chief Finance Officer Matt Calderone, most of the job cuts will take place in the civil business. A technician testing and configuring a digital solution at a lab workstation. 'We are seeing agency reorganizations, reductions in government personnel and spending levels, as well as contract reviews,' said CEO Horacio Rozanski. 'These are especially acute in civilian agencies.' Booz Allen Hamilton Holding Corporation (NYSE:BAH) generates most of its revenues from government contracts. With the reduced government spending, it said it now expects revenues to fall by low double-digits in the full fiscal year of 2026. Overall, BAH ranks 3rd on our list of Friday's worst-performing stocks. While we acknowledge the potential of BAH, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BAH and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
24-05-2025
- Business
- Yahoo
Booz Allen Hamilton (BAH) Tumbles on Soft Outlook, Layoffs
Booz Allen Hamilton (BAH, Financials) shares fell over 12% in premarket trading on Friday, May 23, after the consulting firm posted disappointing forward guidance and announced significant layoffs tied to federal cost-reduction initiatives. Warning! GuruFocus has detected 2 Warning Signs with BAH. The McLean, Virginia-based firm expects adjusted EPS for fiscal 2026 between $6.20 and $6.55, missing the $6.92 average forecast from analysts. Full-year revenue is projected between $12.0 billion and $12.5 billion, also below the $12.82 billion consensus. In response to contract pressure from the Trump administration's budget-tightening policies, CEO Horacio Rozanski said the company will restructure and reset its civil business to align with reduced demand. CFO Matt Calderone said Booz Allen expects to cut approximately 7% of its 35,800-person workforceroughly 2,500 jobsmostly in the civil division. Despite the restructuring, the firm said its defense and intelligence segments are expected to continue growing. In the fiscal fourth quarter, Booz Allen reported adjusted EPS of $1.61 on revenue of $2.97 billion, compared with expectations of $1.61 and $3.03 billion, respectively. Year-over-year revenue rose 7%. Shares had been flat for the year prior to Friday's premarket drop, suggesting investor sentiment sharply reversed after the outlook and restructuring announcement. Investors will be watching how effectively Booz Allen executes its cost alignment strategy while maintaining growth in the defense sector. See insider trades for BAH. Explore Peter Lynch chart for BAH. This article first appeared on GuruFocus.
