BOOZ ALLEN HAMILTON INC

# Booz Allen Hamilton Inc - Vendor Assessment

## Agency Concentration Risk

Booz Allen Hamilton demonstrates significant concentration risk with its top agency, the General Services Administration, representing 38% of total obligated value ($27.3B of $72.1B). The top three agencies account for 64.4% of total awards ($55.1B), indicating substantial dependency on a limited customer base. While the vendor serves 10 federal agencies, this portfolio lacks meaningful diversification, creating vulnerability to budget fluctuations or policy shifts within GSA, Veterans Affairs, and Defense.

## Contract Expiry Exposure

$17.9B in obligated value expires within 18 months, representing 24.8% of total portfolio. This substantial near-term exposure requires aggressive recompete activity and renewal efforts. The concentration of expiring contracts likely mirrors the GSA-heavy portfolio, amplifying renewal risk.

## NAICS Diversification

The vendor operates across 10 NAICS codes with heavy specialization in professional services. Computer programming services (541512) dominates with 260 awards, while engineering services (541330) comprises only 56 awards. This narrow focus on IT and consulting services limits revenue stability across economic cycles and federal spending priorities.

## Strategic Outlook

Booz Allen Hamilton faces a consolidation challenge. The GSA dependency creates both opportunity and risk—GSA's IT modernization initiatives provide growth potential, but contract losses would significantly impact revenue. The vendor should pursue diversification into emerging federal priorities (cybersecurity, AI, infrastructure) while reducing agency concentration below 30%.