The Wall Street Journal

Will DOGE Take a Bite Out of This Spy Firm’s Stock? That’s Classified

Secretive nature of Booz Allen’s government work makes it nearly impossible for investors to gauge how cuts will affect the business

Will DOGE Take a Bite Out of This Spy Firm’s Stock? That’s Classified
Illustration: ELENA SCOTTI/WSJ, ASSOCIATED PRESS

The stock pitch seemed too good to be true: A century-old company near Washington, D.C., with strong ties to the U.S. intelligence community has secret ways of making money.

The company is Booz Allen Hamilton, and for many years it was a home-run investment. The stock rose 10-fold between the day in 2013 when Edward Snowden went public as the former employee who leaked secret National Security Agency documents and last year’s presidential election.

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