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Stock impact report

Tracking government spending, Part 2: Contractual services and supplies [FOX News]

Booz Allen Hamilton Holding Corporation (BAH) 
Last booz allen hamilton holding corporation earnings: 1/31 06:45 am Check Earnings Report
Company Research Source: FOX News
Spending on contracting and supplies is the second-biggest major spending group for the federal government, according to usaspending.gov. More than $1.1 trillion was spent on deals negotiated by the government to hire contractors for work. The category has increased by 19% from five years ago. "We expect massive cuts of all federal contractors and others who are overbilling the federal government," said DOGE co-leader Vivek Ramaswamy on Fox Business' Sunday Morning Futures. Contracting commercial companies for government goods and services dates back to the late 1700s. Over the years, laws have streamlined the process and helped make contracts more competitive. "We're on the side of change. We got started by helping the Navy and then the Army get ready for World War Two to move faster, to do things better," Booz Allen Hamilton CEO Horacio Rozanski said. "Now we're the largest player in AI and cyber in the federal government, and we're very proud of that whole history. But that' Show less Read more
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