SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
|Date of Report (Date of Earliest Event Reported):||October 16, 2012|
Booz Allen Hamilton Holding Corporation
(Exact name of registrant as specified in its charter)
(State or other jurisdiction
|of incorporation)||File Number)||Identification No.)|
|8283 Greensboro Drive, McLean, Virginia||22102|
(Address of principal executive offices)
|Registrants telephone number, including area code:||(703) 902-5000|
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
Booz Allen Hamilton Holding Corporation, the parent company of consulting firm Booz Allen Hamilton, today announced it has entered into a definitive agreement to acquire the Defense Systems Engineering & Support (DSES) division of ARINC, based in Annapolis, MD with offices across the United States.
A copy of the press release regarding this announcement was issued and is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
99.1 Press Release dated October 16, 2012
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|Booz Allen Hamilton Holding Corporation|
|October 16, 2012||By:||
Samuel R. Strickland
|Name: Samuel R. Strickland|
|Title: Executive Vice President, Chief Financial Officer and Chief Administrative Officer|
|Press Release dated October 16, 2012|
Booz Allen Hamilton to Acquire Defense Engineering Services Division of ARINC
Firm adds 1000-person engineering capability to enhance its technology services and engineering business
McLean, VA, October 16, 2012 Booz Allen Hamilton Holding Corporation (NYSE:BAH), the parent company of consulting firm Booz Allen Hamilton, today announced it has entered into a definitive agreement to acquire the Defense Systems Engineering & Support (DSES) division of ARINC, based in Annapolis, MD with offices across the United States.
DSES brings strong capabilities in advanced aviation and maritime engineering, advanced weapons modernization and sustainment, and advanced systems engineering and integration to complement Booz Allens existing service base, which spans engineering and operations, technology, analytics, and strategy and organization. DSES is well-positioned in the growing command, control, communications, computing, intelligence, surveillance, and reconnaissance (C4ISR) and engineering services/prototyping segments of the defense market, and Booz Allen sees opportunities for DSES capabilities in adjacent intelligence, law enforcement, homeland security, and international systems sectors.
DSES is a good strategic fit that builds on Booz Allens existing engineering capabilities and defense market position and offers opportunities for us to bring deeper and broader expertise to our clients in areas where we see a number of compelling opportunities, said Ralph W. Shrader, Booz Allens Chairman, Chief Executive Officer, and President. DSES has outstanding people, strong client relationships, and a focus on client mission that mirrors Booz Allens values. It also has a proven track record of quality delivery and profitability.
The employees of our Defense Systems Engineering & Support division have served ARINC and its customers very well. I thank them for their dedication to us, and Im proud they will be joining a firm of Booz Allens caliber which has been recognized by Fortune magazine and others as a Best Company to Work For, said John Belcher, Chairman & CEO of ARINC. Booz Allen has the stature, scale, and business base to provide rewarding career opportunities for DSES employees.
Approximately 1,000 employees from various locations of ARINC, many of which align with Booz Allens existing locations, are expected to join Booz Allen as a result of the acquisition. The transaction is expected to close later this year, subject to customary closing conditions, including the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. At closing, Booz Allen will pay approximately $154 million in cash to ARINC Incorporated. Booz Allen expects the transaction, once completed, to be accretive to its earnings in fiscal 2014, which begins April 1, 2013.
About Booz Allen Hamilton
Booz Allen Hamilton is a leading provider of management and technology consulting services to the U.S. government in defense, intelligence, and civil markets, and to major corporations, institutions, and not-for-profit organizations. Booz Allen is headquartered in McLean, Virginia, employs approximately 25,000 people, and had revenue of $5.86 billion for the 12 months ended March 31, 2012.
This press release contains, or may be deemed to contain, forward-looking statements (as defined in the U.S. Private Securities Litigation Reform Act of 1995). Examples of forward-looking statements include information concerning the expected closing of the DSES acquisition and the acquisitions impact to Booz Allen Hamiltons earnings. These statements give Booz Allen Hamiltons current expectation of future events or its future performance and do not relate directly to historical or current events. A number of factors could cause Booz Allen Hamiltons future actions and related results to vary from any expectations or goals expressed in, or implied by, the forward-looking statements included in this press release, possibly to a material degree. Some of these factors include, but are not limited to, the risk factors set forth in Booz Allen Hamiltons Annual Report on Form 10-K, filed with the Securities and Exchange Commission on May 30, 2012. All forward-looking statements included in this press release speak only as of the date made, and, except as required by law, Booz Allen Hamilton undertakes no obligation to update or revise publicly any such forward-looking statements, whether as a result of new information, future events, or otherwise.
Booz Allen Hamilton