Booz Allen (BAH) Gets Beaten, Falls 8% as Treasury Dept Terminates Entire Contract

We recently published 10 Big Names Stumbling Hard. Booz Allen Hamilton Holding Corp. (NYSE:BAH) was one of the worst performers on Monday.

Booz Allen Hamilton snapped a three-day winning streak on Monday, losing 8.12 percent to close at $93.93 apiece following the Treasury Department’s termination of all contracts with the company in relation to a tax information leak of the wealthiest people in the US.

On Monday, Treasury Secretary Scott Bessent announced that he had cancelled all contracts after Charles E. Littlejohn, a former Booz Allen Hamilton Holding Corp. (NYSE:BAH) employee, linked tax information of some of the wealthiest people, including President Donald Trump, Elon Musk, and Jeff Bezos, among others.

“President Trump has entrusted his cabinet to root out waste, fraud, and abuse, and canceling these contracts is an essential step to increasing Americans’ trust in government,” Bessent said.

“Booz Allen failed to implement adequate safeguards to protect sensitive data, including the confidential taxpayer information it had access to through its contracts with the Internal Revenue Service,” he added.

The announcement followed Booz Allen Hamilton Holding Corp.’s (NYSE:BAH) third quarter earnings call on Friday, where it also provided an outlook for the full fiscal year of 2026.

For the said period, Booz Allen Hamilton Holding Corp. (NYSE:BAH) said that revenues were lowered to a range of $11.3 billion to $11.4 billion, versus the high-end range of $11.5 billion previously. The new figure implies a decline of 5 to 6 percent year-on-year.

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Disclosure: None. This article is originally published at Insider Monkey.