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Institute for Public Accuracy (IPA): Carlyle Buying Booz Allen Hamilton's Intel Outsourcing

FOR IMMEDIATE RELEASE
May 19, 2008
5:09 PM

CONTACT: Institute for Public Accuracy (IPA)
Sam Husseini, (202) 347-0020;
or David Zupan, (541) 484-9167

 
Carlyle Buying Booz Allen Hamilton's Intel Outsourcing
 
WASHINGTON, DC - May 19 - AP is reporting: "Privately held consulting firm Booz Allen Hamilton ... plans to sell a majority stake in its U.S. government business to private equity firm Carlyle Group for $2.54 billion, and spin off its commercial business into a separate company."


TIM SHORROCK
Available for a limited number of interviews, Shorrock is author of the new book Spies for Hire: The Secret World of Intelligence Outsourcing.

Earlier this month, he wrote the piece "Carlyle Group May Buy Major CIA Contractor: Booz Allen Hamilton."

Shorrock said today: "From my various sources and leaked documents, I estimate that the intelligence budget is about $50 billion and a full 70 percent of that goes to private contractors like Booz Allen Hamilton, the Carlyle Group and CACI. Making functions like the gathering of intelligence into profit centers is a remarkably dangerous thing to do."

This morning Shorrock appeared on "Democracy Now"
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