Booz Allen Hamilton Keeps Fiscal Year Guidance Despite Treasury Contract Cancellation

Booz Allen Hamilton has reaffirmed its fiscal-year guidance despite the Treasury Department canceling its contracts worth $4.8 million. The firm expects the cancellations to impact less than 1% of its total revenue for the fiscal year ending March 31, 2027. The cancellations are due to a former employee leaking confidential tax information on President Trump and other Americans while working as an IRS contractor. Booz Allen has condemned the employee's actions and supported the investigation. The company raised its fiscal-year profit outlook last month, citing demand strength across both its civil and national-security businesses.