Booz Allen Closes $720M Deal for Ultra I&C Mission Solutions

Booz Allen completed its $720M acquisition of Ultra Mission Solutions from Cobham Ultra Group, adding defense software and encryption products to its portfolio. The deal aligns with Booz Allen's strategy to expand its defense technology offerings, following a 4.2% revenue decline in Q1 FY2027. Ultra's products will integrate with Booz Allen's existing defense tech unit.

The U.S. Navy awarded contract modifications to Booz Allen Hamilton, Concurrent Technologies Corp., and KPMG, increasing their shared maximum ordering value by $96.7 million to $198.1 million. The contract covers professional support services for Marine Corps Installations Command. The companies will compete for task orders under the contract, with work to be performed at contractor facilities, the Pentagon, and other government sites. The ordering period runs through November 2029.

UBS raised its price target for Booz Allen Hamilton (NYSE:BAH) to $78 from $70 and kept a Neutral rating. It cited fiscal 2027 Q1 funded backlog up 15% year over year and a 1.5x book-to-bill ratio. UBS noted bookings support the high end of revenue guidance, but obligations data and Civil guidance point to a weaker back half.

Booz Allen Hamilton reported Q1 FY2027 revenue of $2.8 billion, down 4.2% year over year, with net income of $198 million and adjusted diluted EPS of $1.81. Backlog totaled $39 billion, up 3.2%. The company declared a $0.59 dividend and forecast FY2027 revenue of $11.2B to $11.7B and free cash flow of $825M to $925M.

Booz Allen Hamilton (BAH) rose 10.1% on Friday after its fiscal 2027 first-quarter report, moving from $65.87 to $72.53. The company reported EPS of $1.81 vs $1.49 expected, while revenue fell 7.3% year over year to $11.09 billion and quarterly revenue declined. BAH kept fiscal 2027 revenue guidance at $11.2B to $11.7B.

Booz Allen Hamilton reported Q1 2027 sales of $2.8B, near analysts’ $2.81B estimate, and adjusted EPS of $1.81 versus $1.49 expected, according to Detik Finance. Free cash flow rose 172% to $261M. The company raised 2027 revenue guidance to $11.2B-$11.7B and adjusted EBITDA to $1.24B-$1.29B.