10:49 AM EDT, 08/06/2024 (MT Newswires) -- Booz Allen Hamilton Holding ( BAH ) said Tuesday it secured a 5-year $506 million contract from the US Army's Future Vertical Lift Cross Functional Team and Program Executive Office Aviation to enhance military capabilities through technology products.

The company said it will use a modular open system approach strategy to drive the development, integration and fielding of technologies for warfighters.

The contract was awarded under the Defense Technical Information Center Information Analysis Center multiple award contract vehicle, according to Booz.

Shares of the company were up 2.5% in recent trading.

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