Booz Allen Hamilton (NYSE: BAH) announced it has been awarded a Cost Plus Fixed Fee contract to support the U.S. Department of Energy (DOE) Advanced Research Projects Agency – Energy (ARPA-E). Booz Allen will provide ARPA-E with Scientific, Engineering, Technical, Professional, Financial, and Administrative assistance. The five year contract is valued at $73.1 million.
“Booz Allen’s integrated delivery team is honored to continue supporting ARPA-E in its mission of promoting revolutionary energy technological advances and we look forward to continued operational success,” said Booz Allen Senior Vice President Gary Rahl.
Booz Allen has been supporting ARPA-E since 2009 and has worked to help make ARPA-E faster and more efficient by assisting with the creation of a nimble technology and business process infrastructure to manage the flow of information between funding applicants, reviewers, and ARPA-E.
Core support has included assisting with the entire R&D program life cycle, helping ARPA-E build a transparent funding opportunity announcement process, providing subject matter technical support to the review process for applications, and supporting the active project management of the R&D portfolio.Forward Looking Statements This press release contains, or may be deemed to contain, “forward-looking statements” (as defined in the U.S. Private Securities Litigation Reform Act of 1995). Examples of forward-looking statements include information concerning the value of the contract award and Booz Allen Hamilton’s future performance under the contract. These statements give Booz Allen Hamilton’s current expectation of future events or its future performance and do not relate directly to historical or current events. A number of factors could cause Booz Allen Hamilton’s future actions and related results to vary from any expectations or goals expressed in, or implied by, the forward-looking statements included in this press release, possibly to a material degree. Some of these factors include, but are not limited to, the risk factors set forth in Booz Allen Hamilton’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission on June 8, 2011. All forward-looking statements included in this press release speak only as of the date made, and, except as required by law, Booz Allen Hamilton undertakes no obligation to update or revise publicly any such forward-looking statements, whether as a result of new information, future events, or otherwise.