Now That Booz Allen Scared The Gov't Into Hundreds Of Millions Of Dollars In Contracts, It's Time To Cash Out

from the how-this-works dept

Earlier this year, we noted that government contractor Booz Allen Hamilton had been making the rounds ringing up the moral panic over "cyberterrorism," without any significant evidence of it actually existing in any real form. The key to all of this was the hiring of former director of national intelligence Michael McConnell as a VP, whose main job seems to be scaring the press into repeating Booz Allen fear mongering talking points and attributing them to him without even bothering to mention that he's employed by a company that is making a ton of money from this fear mongering. And, boy, has Booz Allen raked in the money. Since the fear mongering began, the firm has secured at least hundreds of millions of dollars in contracts.

Of course, that's good for the firm, but what about its investors? Well, now that it's scared the government and the public into handing over all this cash, it looks like its investors want to cash out. The company has now announced plans for an IPO so they can walk off with the cash, built off of scaring the public over a supposed threat for which they have little actual evidence. What a deal!

Reader Comments

Subscribe: RSS

View by: Time | Thread

  1. icon
    Jay (profile), 25 Jun 2010 @ 12:39am

    Re: A Word of Advice

    "Cyber Terrorism COULD be exploited to attack our nations' interests. To what end, I don't know, but to simply ignore that possibility would be asinine. "

    Let's really, really think about this...

    I don't think anyone is ignoring the possibility of cyber terrorism. But we have to call them like we see them. China's attack on Google was focused specifically on activism. That's a threat.

    Right now, he's using rhetoric to say "We could be attacked by anyone, anytime, anywhere" That's fear mongering. Then he isn't using that money to upgrade servers or find new ways to patch around DDoS attacks. No, he's using the money to pay off debts.

    That's some shady BS there. The money could be used in a number of ways. Quite frankly, the military budget was spent for something that won't amount to much. Military intelligence indeed.

Add Your Comment

Have a Techdirt Account? Sign in now. Want one? Register here
Get Techdirt’s Daily Email
Use markdown for basic formatting. HTML is no longer supported.
  Save me a cookie
Follow Techdirt
Special Affiliate Offer

Report this ad  |  Hide Techdirt ads
Essential Reading
Techdirt Deals
Report this ad  |  Hide Techdirt ads
Techdirt Insider Chat
Report this ad  |  Hide Techdirt ads
Recent Stories
Report this ad  |  Hide Techdirt ads


Email This

This feature is only available to registered users. Register or sign in to use it.