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  History of Booz Allen 1970s

1970s — Booz Allen foresees revolution of technology and microelectronics; establishes reputation in systems implementation; and enters transportation arena.

1970 — Booz Allen goes public; 500,000 shares are sold at US$24 per share. Charlie Bowen named chairman of the firm; James L. Allen retires; and James W. Taylor becomes president.

1973 — Booz Allen's prophetic report, The Challenge Ahead for Banking, establishes the firm's reputation in the banking industry. James Farley becomes president.

1975 — Booz Allen awarded Trident submarine contract. Farley named chairman and Jack Lesher is appointed president.

1976 — In the largest-ever leveraged buyout involving a consulting firm, Booz Allen's partners buy back the stock, returning the firm to private ownership with a new governance structure and a five-year plan for business development. Booz Allen moves its corporate headquarters to New York.

1977 — Sales exceed $100 million.

1978 — Booz Allen wins the single largest contract to date for work on the Saudi Naval Expansion Project (SNEP). BAARINC evolves into the Public Management and Technology Center within the firm.

1979 — Booz Allen begins work with the Chrysler Corporation, helping the automaker accomplish its historic turnaround.

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