BOOZ ALLEN HAMILTON INC

# Booz Allen Hamilton Inc - Vendor Assessment

## Agency Concentration Risk

Booz Allen Hamilton demonstrates significant concentration risk with the top agency (GSA) representing 38% of total obligated value ($27.4B of $72.3B). The top three agencies account for 64.4% of revenue ($55.3B), creating substantial vulnerability to policy shifts or budget reductions. While the vendor serves 10 federal agencies, the portfolio lacks meaningful diversification, with only Veterans Affairs ($18.3B) and DoD ($9.6B) providing secondary revenue streams.

## Contract Expiry Exposure

The vendor faces $17.6B in expiring contracts over 18 months, representing 24.3% of total obligated value. This substantial near-term exposure creates renewal risk, particularly given GSA's dominance in the portfolio. Successful rebid performance will be critical to maintaining revenue stability.

## NAICS Diversification

Booz Allen operates across 10 NAICS codes with heavy concentration in professional services. The top three NAICS categories—541512 (Computer Systems Design), 541611 (Administrative Management), and 541511 (Custom Programming)—account for 530 awards (53% of total). This specialization in IT consulting and systems integration provides market strength but limits revenue hedging across unrelated sectors.

## Strategic Outlook

Booz Allen maintains a strong but concentrated position dependent on federal IT modernization spending. The vendor should prioritize GSA contract renewals while actively diversifying into underrepresented agencies (Commerce, State, Interior) to reduce concentration risk and stabilize the $72.3B revenue base.