June 15, 2017
Booz Allen Hamilton issued the following media statement regarding the Form 8-K filed with the Securities and Exchange Commission on June 15:
On June 7, 2017, Booz Allen Hamilton Inc. (the “Company”), a wholly owned subsidiary of Booz Allen Hamilton Holding Corporation, was informed that the U.S. Department of Justice is conducting a civil and criminal investigation relating to certain elements of the Company’s cost accounting and indirect cost charging practices with the U.S. government. To date, our internal and external audit processes have not identified any significant deficiencies or material weaknesses, or identified any significant erroneous cost charging. The Company is cooperating with the government in these matters and expects to bring them to an appropriate resolution.