Booz Allen Wins $101.8 Million in DOT Contracts

Rich Smith, The Motley Fool
Updated

On Tuesday, government contractor Booz Allen Hamiltonannounced 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.

The article Booz Allen Wins $101.8 Million in DOT Contracts originally appeared on Fool.com.

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