April 13 Government consultancy firm Booz Allen
Hamilton Holding Corp said its San Antonio office has
been removed from the U.S. government's excluded parties list
system and has regained full eligibility to compete for
contracts with the federal government.
Booz Allen had said in February that an employee
inappropriately retained and shared sensitive information about
a pending government contract, due to which its San Antonio
office had been barred from receiving federal contracts.
In a regulatory filing, the company said that it will
implement enhancements to its ethics and compliance program as
part of an agreement with the U.S. Air Force, and file quarterly
reports on the implementation of remedial measures.
Booz Allen provides management and technology consulting to
the U.S. government in defense, intelligence and civil markets.
Booz Allen, founded in 1914, is majority-owned by Carlyle
Group through Explorer Coinvest.
Shares of the McLean, Virginia-based company closed at
$16.85 on Friday on the New York Stock Exchange.