Booz Allen Hamilton Holding Corporation (NYSE:BAH) is looking for M&A. Matt Calderone, Chief Financial Officer said, "Where we go -- so I would say our M&A priorities haven't changed. We still look, first and foremost, can we find strategic long-term accretive M&A. I didn't find it last year. We were close on a couple of things.

We said publicly, smaller deals we do have a robust pipeline. I think -- and I know you've heard from others that we certainly anticipate we're beginning to see a more supply in the market of let's say, more midsized assets coming out with maybe a little bit more interest rate stability in advance of the election. But we're going to be patient and disciplined, and I know that's hard to model, Cai.

And that's why we've -- you're right, over time, we've had a balanced approach. But if you look at any given year, it's the -- we've talked about 1 direction or another. We don't need to buy for scale.

We're not looking for financial arbitrage per se, obviously, we want good value and things that are accretive. We're looking for M&A that will really advance us in 1 of these technology areas or increasingly have a business model that we think we can leverage. So those are hard to come by, but we're leaning into it".