Booz Allen Hamilton Holding Corporation (NYSE:BAH) will look for acquisitions. The company plans to step up its spending on acquisitions over the next few years, targeting companies that would expand its capabilities in areas such as healthcare technology and cybersecurity services. The company is looking to strike more tuck-in deals than in previous years to accelerate its growth rate, Chief Financial Officer Lloyd Howell said.

Tuck-ins involve a company buying a smaller business and integrating it into its operations. The company plans to spend about $4 billion between April 2022 and March 2025, largely on acquisitions, executives said last week at the company's investor day. The company is considering more acquisitions similar to the Liberty deal, in part because it expects greater demand for those services, Chief Financial Officer Lloyd Howell said.

“Having future transactions like that would sort of be the sweet spot,” he said. Mr. Howell said the acquisitions are expected to help boost the company's revenue, which it forecasts will grow to about $8.6 billion in the year ending March 31, 2022, up 10% from the previous year.