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BUSINESS NEWS BOOZ ALLEN HAMILTON WINS $59M CONTRACT FROM THE U.S. NAVY’S BATTLESPACE AWARENESS AND INFORMATION OPERATIONS PROGRAM OFFICE Today’s complex environment demands our naval forces have access to enduring innovations and technology to accelerate the sharing of information, and improve readiness and capability. The Navy's Program Executive Office for Command, Control, Communications, Computers, and Intelligence is tasked with supporting this effort by providing effective and affordable naval information warfare capabilities that our warfighters need to accomplish their mission. Together with the Space and Naval Warfare Systems Command, PEO C4I acquires and develops command, control, communications, computers, intelligence, surveillance, and reconnaissance systems necessary to ensure information warfare and provide the foundation for network-centric warfare. Booz Allen Hamilton has been awarded a five-year, $59 million Professional Support Services contract, under which Booz Allen will provide acquisition, program, contracts, installation, and operations management expertise to the 21 DoD programs and projects executed by the Battlespace Awareness and Information Operations Program office. As the prime awardee, Booz Allen will provide seamless, end-to-end acquisition lifecycle support. “On today’s highly dynamic battleground, it is essential to have the right partners on your team to provide vital information at the appropriate time,” said Steve Soules, Booz Allen executive vice president and leader of the firm’s Navy and Marine Corps business. “We look forward to continuing to support the U.S. Navy’s PEO C4I, helping to ensure that Navy warfighters around the world are well equipped at any moment.” PMW 120 delivers assured intelligence, meteorology, oceanography, and information operations data, products, and services that provide information warfare capabilities to the fleet, cutting the time to strike critical or sensitive targets and offer our Naval Forces with the ability

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to seize and control the Information domain high ground. Booz Allen, as a longstanding partner with PEO C4I, will deliver a deep understanding of PMW 120 mission requirements combined with demonstrated expertise in the areas of acquisition, program, contracts, installation, and business management. High quality, trained and certified functional experts will work alongside the government to support successful implementation of program plans in alignment with the DoD’s evolving acquisition requirements. ARCONIC WAIVES LIMITED VOTING COMMITMENT CONTAINED IN 2016 SETTLEMENT WITH OAK HILL CAPITAL Arconic announced that it has waived the limited voting commitment of Oak Hill Capital Partners III, L.P. and Oak Hill Capital Management Partners III, L.P. Oak Hill received Arconic shares as part of the sale of Firth Rixson to Arconic at the end of 2014. The commitment was contained in an August 2016 agreement resolving a working capital adjustment related to the sale. The agreement did not restrict Oak Hill from selling shares of Arconic at any time, and if Oak Hill were to sell any shares, the voting commitment would terminate with respect to those shares. The voting commitment was added only after the financial terms were finalized; no additional value was given for the commitment. At the time of the agreement there was no pending proxy contest. The settlement agreement with Oak Hill, of which the voting commitment was a part, was not considered material at that time and therefore was not publicly disclosed. Arconic promptly disclosed the commitment as soon as it confirmed that Oak Hill was a shareholder as of the record date for the contested 2017 Annual Meeting. After reviewing in the context of the current active proxy contest, management and the Arconic board determined that this provision should be waived in order to facilitate the fullest participation by all shareholders in the current proxy contest.

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1200 North College Ave. Fayetteville, AR 72703 Mark Zweig | Publisher mzweig@zweiggroup.com Richard Massey | Managing Editor rmassey@zweiggroup.com Christina Zweig | Contributing Editor christinaz@zweiggroup.com Sara Parkman | Editor and Designer sparkman@zweiggroup.com Liisa Andreassen | Correspondent landreassen@zweiggroup.com

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MARK ZWEIG, from page 1

will happen is arguments will break out or paralysis will set in. And then the people who do the actual work get torn apart. If you are the leader, it is up to you to set the strategies. You need to get input from clients, friends, and employees, as well as secondary research data. And then decide where you want to go and HOW you want to get there. Put it in writing. Share and discuss. Sell and cajole if you must. But get it done and let it be known to all. No one else can do this for you. It is your job. And the truth is this – many different strategies can work. There is no one best way to do things. The important thing is to have A way you do things – and to stick with it long enough to bear fruit. MARK ZWEIG is Zweig Group’s chairman and founder. Contact him at mzweig@zweiggroup.com.

THE ZWEIG LETTER April 24, 2017, ISSUE 1197

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