Booz Allen stock drops nearly 10% after U.S. Treasury cancels all contracts in data-leak fallout
Booz Allen Hamilton shares fell nearly 10% after the U.S. Treasury canceled all contracts with the firm, citing failures in protecting taxpayer data linked to the IRS leak by former contractor Charles Littlejohn. Treasury said 31 contracts worth $4.8 million annually were cut. Other federal contractors also saw share declines. Booz Allen relies on government work for 98% of its revenue.
