MCLEAN, VIRGINIA - JUNE 20: The Booz Allen Hamilton Headquarters on June 20, 2024 in Mclean, Virginia. Booz Allen is a government and military consulting company that provides management, technology and engineering services to public and private sector organizations and nonprofits. “Booz Allen failed to implement adequate safeguards to protect sensitive data, including the confidential taxpayer information it had access to through its contracts with the Internal Revenue Service.”A Booz Allen spokesperson disputed some of Bessent’s claims in a statement to CNN. “Booz Allen fully supported the U.S. government in its investigation, and the government expressed gratitude for our assistance, which led to Littlejohn’s prosecution,” the spokesperson said. Booz Allen shares (BAH) fell by about 10% after Bessent announced the canceled contracts.

Source: CNN January 27, 2026 07:22 UTC