Legal
Booz Allen Pays $377.5 Million to Settle US Civil Probe
- Settlement includes no admission of liability by firm
- DOJ says agreement is one of largest in procurement case
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Booz Allen Hamilton Holding Corp. said it will pay $377.5 million under a settlement agreement with the US Department of Justice to settle a civil investigation related to its cost accounting.
The case is “one of the largest procurement fraud settlements in history,” Principal Deputy Assistant Attorney General Brian M. Boynton said in a press release. The US alleged that from 2011-2021, Booz Allen improperly charged costs to its government contracts that should have been billed to commercial and international ones. The DOJ was acting for the Defense Contract Management Agency in the matter.