By Kelly Cloonan

Booz Allen Hamilton reaffirmed its fiscal-year guidance after the Treasury Department said it would cancel its contracts with the consulting firm.

The company expects the cancelled contracts to affect less than 1% of its total revenue for the fiscal year ending March 31, 2027, according to a Friday filing with the Securities and Exchange Commission.

The forecast comes after the Treasury Department said last week it would cancel its 31 contracts with the firm, which total $4.8 million in annual spending.

The department cited the case of former Booz Allen employee Charles Littlejohn, who leaked confidential tax information on President Trump and other Americans to news organizations while working as an Internal Revenue Service contractor.

Treasury Secretary Scott Bessent said the firm failed to implement adequate safeguards to protect sensitive data.

A spokesperson for Booz Allen said the company has condemned Littlejohn's actions and fully supported the U.S. government's investigation.

"Booz Allen stores no taxpayer data on its systems and has no ability to monitor activity on government networks," the spokesperson added.

Last month, Booz Allen raised its fiscal-year profit outlook, helped by cost-saving efforts, and said it was seeing demand strengthen across both its civil and national-security businesses.

The company's forecast calls for adjusted earnings of $5.95 to $6.15 a share and revenue of $11.3 billion to $11.4 billion for the fiscal year.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

February 06, 2026 17:42 ET (22:42 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.