This Stock is Soaring

Today, we revisit a company that is growing alongside America’s military…

With roughly 200,000 active-duty troops stationed abroad, the U.S. maintains a strong military presence across the globe. To support America’s efforts in these “forever wars,” the government turns to dozens of companies in the private sector. We call them “offense contractors”…

One of the top suppliers on that list is Booz Allen Hamilton (BAH).

The $7 billion company provides technology and consulting services to a range of clients, but it primarily contracts with the federal government – the U.S. military in particular.

Most recently, Booz Allen secured a $554 million contract from the U.S. Army.

Along with six other prime contractors, it will provide mission support services for those involved in military operations.

And sales keep climbing… As of the company’s most recent earnings report, quarterly revenue jumped 8% on a year-over-year basis to $1.6 billion.

As you can see below, the stock has climbed 50% over the past year and recently hit a new all-time high. America’s continued involvement in global conflicts should ensure more gains for Booz Allen and its competitors…

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Source: Daily Wealth’s Market Notes