AWS and Booz Allen Forge Strategic Partnership to Accelerate Federal Agencies' Digital Transformation

Amazon's AWS Boosts Federal Support With Booz Allen Collaboration On Cybersecurity And AI - Amazon.com (NASDAQ:AMZN)

Collaboration to accelerate digital transformation, offering scalable, secure, mission-ready tech for federal agencies. Amazon.com, Inc.'s AMZN Amazon Web Services (AWS) expanded its partnership with Booz Allen Hamilton Holding Corporation BAH to enhance technology solutions for the U.S. government. AWS and Booz Allen plan to develop ready-made, enterprise-level digital solutions to help federal agencies accelerate digital transformation. These solutions will focus on cloud migration, cybersecurity and generative AI, enabling agencies to scale innovation more efficiently. The collaboration will provide federal agencies with end-to-end solutions for critical missions, including AI-driven national security, zero-trust cybersecurity, remote cloud deployment, IT modernization and high-performance computing. The partnership also offers access to AWS Migration Acceleration Program benefits, such as proof-of-concept trials, migration assessments and AWS credits to enhance operational efficiency. "Our partnership will enable Booz Allen to deliver cutting-edge solutions via the AWS Marketplace and further meet the evolving needs of the U.S. government," Dave Levy, vice president of Worldwide Public Sector at AWS said. "This collaboration represents a force multiplier for government customers and will empower increased scalability, flexibility, security, and resilience in support of their critical missions." Michael Deeter, director, Cyber/Dark Horizon, U.S. Army Japan stated, "Missions are faced with electronically disrupted operational environments, requiring rugged, scalable, secure tech to the edge that will survive first contact. It's imperative that we partner with industry innovators like Booz Allen and AWS to deliver cutting-edge, mission-ready solutions like Dark Horizon that counter threats and solve our toughest challenges." Amazon expects to release fourth quarter 2024 results on Thursday, February 6, 2025. Investors can gain exposure to the stock via ProShares Online Retail ETF ONLN and Fidelity MSCI Consumer Discretionary Index ETF FDIS. Price Action: AMZN shares are up 0.18% at $235.84 premarket at the last check Friday. Read Next: Amazon To Shut 7 Quebec Fulfillment Centers, Axe Around 2,000 Jobs Photo: Shutterstock AMZNAmazon.com Inc$235.690.11%Overview Rating:Good62.5%Technicals Analysis1000100Financials Analysis400100WatchlistOverviewBAHBooz Allen Hamilton Holding Corp$137.200.74%FDISFidelity MSCI Consumer Discretionary Index ETF$100.00-1.06%ONLNProShares Online Retail ETF$47.29-1.60%Market News and Data brought to you by Benzinga APIs

AWS and Booz Allen boost U.S. government tech efficiency By Investing.com

SEATTLE & MCLEAN, Va. - Amazon Web Services (AWS), an Amazon.com (NASDAQ:AMZN), Inc. company (NASDAQ: AMZN), together with Booz Allen Hamilton (NYSE: NYSE:BAH), has announced an expanded partnership to enhance technology solutions for the U.S. government. This strategic collaboration aims to foster innovation, expedite decision-making, and scale advanced technologies across various federal missions. The alliance will enable the creation and marketing of new solutions to streamline the digital transformation of federal agencies. Booz Allen will provide readily available digital solutions at scale, which include cloud migration, cybersecurity, and generative artificial intelligence (AI). These solutions are designed to offer comprehensive capabilities for critical missions, such as improving national security with AI, deterring cyberattacks with zero-trust solutions, and modernizing IT infrastructure. The partnership combines Booz Allen's technical and domain expertise with AWS's cloud services and infrastructure, offering security, scalability, and performance. Joint customers can benefit from the AWS Migration Acceleration Program, which includes a free proof-of-concept trial, migration assessment, and AWS credits to support migration efforts. Dave Levy, vice president of Worldwide Public Sector at AWS, stated that the partnership would enable Booz Allen to deliver advanced solutions through the AWS Marketplace, addressing the needs of the U.S. government. Bill Vass, chief technology officer at Booz Allen, mentioned that the collaboration would allow them to jointly create and scale solutions to transform missions and drive efficiencies. The partnership is not new; AWS and Booz Allen have a history of delivering impactful outcomes for federal missions. Their collaboration with U.S. Army Japan in the Indo-Pacific area leverages AWS's services and Booz Allen's technical expertise to provide secure, scalable technology solutions. With a strong current ratio of 1.56 and operating with moderate debt levels, Booz Allen demonstrates the financial stability needed for long-term government partnerships.Want deeper insights into Booz Allen's financial health and growth potential? InvestingPro subscribers get access to detailed financial metrics, Fair Value calculations, and expert analysis that goes beyond surface-level data. Booz Allen, recently named AWS's Federal Government Partner of the Year, is a leading provider of AI and cybersecurity to the U.S. federal government. With a gross profit margin of 23.64% and return on equity of 72%, the company demonstrates strong operational efficiency. The companies are also part of the AWS Generative AI Partner Innovation Alliance, focusing on developing generative AI solutions for government agencies. This collaboration builds upon the successful outcomes achieved by AWS and Booz Allen for their joint customers. It is based on a press release statement and aims to enhance the U.S. government's technological capabilities in facing modern challenges. In other recent news, Booz Allen Hamilton and Palantir Technologies (NASDAQ:PLTR) announced a partnership to enhance U.S. defense capabilities through technological innovation. Booz Allen also invested in quantum computing firm SEEQC, a move expected to yield advancements crucial for the practical application of quantum computing. In a separate development, shares of Booz Allen and other government services companies experienced a downturn following CACI International's reported decrease in quarterly bookings, which raised concerns about potential government spending cuts. However, analysts from Jefferies and Truist provided a mix of caution and optimism about the situation. UBS initiated coverage on Booz Allen with a neutral stance, acknowledging the company's solid historical performance but tempering expectations for future growth. Despite losing the Advana contract and a Department of Veterans Affairs contract to Deloitte, Booz Allen maintains a strong demand environment with a qualified pipeline of over $20 billion. Additionally, the company made a strategic investment in Starfish Space through its venture capital arm, Booz Allen Ventures, LLC. These are among the recent developments for Booz Allen.

AWS and Booz Allen to Develop Digital Solutions for Federal Agencies | PYMNTS.com

Amazon Web Services (AWS) and Booz Allen Hamilton said in a Friday (Jan. 24) press release that they will work together to help federal agencies accelerate their digital transformation. The companies' expanded partnership and strategic collaboration will enable Booz Allen to offer these agencies "ready-made and reusable" enterprise-level digital solutions for cloud migration, cybersecurity, generative artificial intelligence and other areas, they said in the release. "Through this expanded partnership with AWS, we are able to jointly create, invest in and scale solutions in new ways to transform missions, drive efficiencies and accelerate outcomes through technology," Booz Allen Chief Technology Officer Bill Vass said in the release. AWS and Booz Allen have worked together for years on projects for federal agencies, and in November announced a collaboration through the AWS Generative AI Partner Innovation Alliance, according to the release. Now, with AWS' cloud services and Booz Allen's technical and domain expertise, they will work together to develop and market solutions designed to help these agencies "drive innovation, speed decision-making, reduce costs and scale advanced technologies," the release said. These solutions will help federal agencies deter cyberattacks, deploy cloud services to remote environments, modernize and migrate IT infrastructure, and accelerate scientific discovery, per the release. "Our partnership will enable Booz Allen to deliver cutting-edge solutions via the AWS Marketplace and further meet the evolving needs of the U.S. government," Dave Levy, vice president of worldwide public sector at AWS, said in the release. AWS CEO Matt Garman said Tuesday (Jan. 21) that it's important for clients to understand that while it could take 12 to 48 months to deploy AI in their companies, engineers must already be thinking ahead to future capabilities two to four years out, since advancements in AI are moving so quickly. Speaking before the World Economic Forum in Davos, Switzerland, Garman also said data that is organized, labeled and set up in the cloud is critical because it feeds into generative AI's large language models. In December, Garman told the Wall Street Journal that "almost every" CEO and chief information officer has done at least 100 proofs of concept on generative AI use cases and now aims to focus on five or fewer that are most valuable.