Booz Allen says DOJ is investigating company

Booz Allen Hamilton said today it has been informed the Justice Department "is conducting a civil and criminal investigation relating to certain elements of the company's cost accounting and indirect cost charging practices with the U.S. government."

Booz Allen said it was informed of the investigation on June 7.

"To date, our internal and external audit processes have not identified any significant deficiencies or material weaknesses, or identified any significant erroneous cost charging," the company added. "The company is cooperating with the government in these matters and expects to bring them to an appropriate resolution."