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Booz Allen Hamilton Loses Treasury Contracts
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7.9
On Monday, Treasury Secretary Scott Bessent announced cancellation of all Treasury contracts with Booz Allen Hamilton after a former employee linked confidential tax data of wealthy individuals to the firm, and the stock fell 8.12% to close at $93.93. Booz Allen also lowered fiscal 2026 revenue guidance to $11.3–11.4 billion, implying a 5–6% year-on-year decline.
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