Booz Allen Wins $101.8 Million in DOT Contracts
On Tuesday, government contractor Booz Allen Hamilton announced it has won three separate contracts from the U.S. Department of Transportation's Federal Highway Administration, or FHWA.
Worth a combined $102 million, the contracts call upon Booz to "support to the Office of Operations through policy, programs, and projects that advance operation; communications activities that raise awareness; the development and use of technical tools including models and computer-aided instructional (CAI) projects; technology transfer and technical assistance programs; and program assessment."
Specifically, Booz will be:
- Facilitating deployment of, and assisting with research on, the FHWA's Intelligent Transportation Systems program, a contract worth $62.8 million.
- Assisting with performance measurement, planning, arterial, freeway, and traffic corridor management activities -- among others -- on a transportation management and operations contract worth $29.5 million.
- Performing work on traffic incident and special events management, and emergency transportation operations, on a contract worth $9.5 million.
Shares of Booz Allen were up 1.7% on the news in early trading and closed with a 1.5% gain at $13.56.
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