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S&P shifts Booz Allen view to positive
S&P said it shifted Booz Allen Hamilton Inc. to positive from stable.
“Solid defense spending, recent acquisitions, and Booz Allen Hamilton Inc.'s (BAH) capabilities in key areas position the company to reach scale that supports a higher rating. Demand for the company's services is highly correlated to the U.S. defense budget, and federal defense and intelligence organizations are among the company's key customers,” the agency said in a press release.
S&P said it sees sales climbing 7%-10% in fiscal 2022, ending March 31, 2022, through organic and acquisition-related expansion, and 5%-8% per year thereafter on its backlog and new contracts.
The agency also affirmed BAH’s ratings, including the BB+ issuer rating.
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