Why Booz Allen Hamilton Stock Popped Today
Booz Allen Hamilton (NYSE: BAH) stock inched 2.5% higher through 11:15 a.m. Friday, after announcing it will partner with rising defense technology star Palantir Technologies (NASDAQ: PLTR) to "accelerate defense mission innovation and help the U.S. maintain superiority against its adversaries."
The companies went on to explain that they will collaborate to build "data-centric systems that improve collaboration and combined mission planning with U.S. allies and partners."
While best-known as a management and IT consultant, Booz Allen has for some years played a behind-the-scenes role, serving effectively as a defense contractor. (You may recall that in 2013, Booz Allen gained some level of infamy when one of its employees on a National Security Agency contract, Edward Snowden, leaked government documents before fleeing to Russia for asylum).
Source Fool.com