Booz Allen Acquires Cobham Ultra for $720M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 22 2026
0mins
Booz Allen Hamilton entered into a definitive agreement with the Cobham Ultra Group, an Advent portfolio company, to acquire its Ultra I&C Mission Solutions business for $720M. Ultra Mission Solutions is a defense technology business specializing in mission-critical software, encryption, and edge-compute products. As global threats intensify, commercial technologies have become increasingly central to modern warfighting. The U.S. and its allies require solutions that seamlessly integrate this wave of new technologies to generate operational utility on the battlefield. Together, Booz Allen and Ultra Mission Solutions will provide an enhanced set of products to unlock this advantage for national security missions at greater speed and scale. For years, both Booz Allen and Ultra Mission Solutions have been focused on building products and capabilities that help warfighters integrate, secure, and operationalize technology at the edge and across domains. Booz Allen's portfolio of AI-driven battle management, resilient communications, and edge infrastructure solutions-including the Modular Detachment Kit, EdgeXtend and Sit-will expand with Ultra Solutions' mission-ready tech stack. Ultra Mission Solutions' core offerings, including Apex, ADSI ACTS, Rain, and Knox, unify command and control, edge compute, secure data movement, and encryption into a modular architecture capable of operating in contested or disconnected environments. These solutions will now integrate into a unified platform available to national security clients worldwide. The acquisition will enable increased product integration and commercially available solutions accessible through outcomes-based procurement, Foreign Military Sales, and other go-to-market channels. Booz Allen expects revenue from this acquisition to grow at a strong double-digit rate for the next several years with EBITDA margins well above 20%. The transaction is expected to close in the second quarter of Booz Allen's fiscal year 2027 and is subject to customary closing conditions. Following the closing of the transaction, Ultra Mission Solutions will operate as a wholly owned subsidiary of Booz Allen.
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Analyst Views on BAH
Wall Street analysts forecast BAH stock price to rise
8 Analyst Rating
1 Buy
6 Hold
1 Sell
Hold
Current: 62.310
Low
90.00
Averages
101.29
High
115.00
Current: 62.310
Low
90.00
Averages
101.29
High
115.00
About BAH
Booz Allen Hamilton Holding Corporation is the parent company of management and technology consulting and engineering services firm, Booz Allen Hamilton Inc. It provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to U.S. and international governments. Its solutions include artificial intelligence, cloud, digital customer experience, elite training, enterprise DevSecOps, JADC2, mission readiness, security and workforce of the future. It supports critical missions for a range of federal government clients, including nearly all the U.S. government's cabinet-level departments, as well as for commercial clients, both domestically and internationally. It supports its federal government clients by helping them tackle challenges such as protecting soldiers in combat and supporting their families. It also provides technologies to evolve defense missions and delivers solutions to warfighters in the digital battlespace.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Resource Sharing: This collaboration will grant Booz Allen's engineers access to OpenAI's technical resources, training, and product roadmap, significantly boosting their capabilities in AI application development, especially in national security and critical infrastructure.
- Focus on Security and Reliability: The two companies will work together to develop AI applications that emphasize security and reliability, aiming to improve enterprise operational efficiency while meeting government clients' demands for high-standard technological solutions.
- Positive Market Reaction: Following the announcement of the partnership, Booz Allen's stock rose by 5% in premarket trading, reflecting the market's optimistic outlook on the potential of this collaboration, which may lay the groundwork for the company's future growth.
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- Revenue Growth Expectations: The company anticipates that this acquisition will drive revenue growth at a double-digit rate over the next few years, while EBITDA margins are expected to exceed 20%, significantly boosting the company's profitability and competitive edge.
- Technology Integration and Expansion: Through this acquisition, Booz Allen will integrate the core offerings of Ultra Mission Solutions, particularly in AI-driven battle management and resilient communications technologies, further enhancing its capabilities to provide solutions for national security clients.
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See More
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- Technology Integration: The acquisition will expand Booz Allen's portfolio of AI-driven battle management, resilient communications, and edge infrastructure solutions, with Ultra Solutions' tech stack aiding in unifying command and control, edge computing, secure data movement, and encryption into a modular architecture capable of operating in contested environments.
- Revenue Expectations: Booz Allen anticipates strong double-digit revenue growth from the acquisition, with EBITDA margins projected to exceed 20%, indicating substantial financial returns over the coming years and reinforcing the company's growth trajectory.
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- Committee Roles: Hedlund will serve on Graco's Audit Committee and Management Organization and Compensation Committee, leveraging his deep understanding of global market strategy development and execution to improve corporate governance.
- Future Contributions: Graco's Chairman J. Kevin Gilligan stated that Hedlund's addition will provide significant support for the company's future success, particularly in driving value creation and market growth.
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See More
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