Booz Allen Seen No Impact from Executive Orders Yet -- Market Talk

Dow Jones
01-31

0937 ET - Booz Allen hasn't seen any impact so far from the cavalcade of executive orders signed by President Trump, CFO Matt Calderone says on a call with analysts. Even the one that tried to freeze spending on federal grants and loan programs, he says, which has since been rescinded. The company is seeing a slowdown in the procurement environment, but it had a good pipeline develop in fiscal 3Q, the CFO says. "How those two things net out, I think, remains to be seen," he says. Booz Allen slides 5.5% in early trading. (dean.seal@wsj.com)

(END) Dow Jones Newswires

January 31, 2025 09:37 ET (14:37 GMT)

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