Booz Allen Deploys $965M in Capital Amid Tech Investment Push
Dow Jones
Oct 23
Booz Allen deployed $965 million in total capital during the fiscal second quarter, the company says, including $934 million for business acquisitions. The spending reflects the company's accelerating investments in cyber and defense technologies. The company paid $145 million in dividends for the six-month period and repurchased $170 million of common stock. Free cash flow totaled $263 million for the quarter, down from $395 million a year earlier. Other corporate expenses in the quarter included acquisition-related costs for the Ultra I&C Mission Solutions business.
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