BigBear.ai Awarded $165 Million US Army Contract; Shares Rise

MT Newswires Live

2024/10/14

BigBear.ai (BBAI) said Monday that the US Army has awarded it a $165.2 million five-year contract for Global Force Information Management Production Services.

Under the five-year contract, the company said it will deliver global force structure and employment data, which will enable senior leaders and commanders to carry out data-driven force structure decisions in less time than before.

The company said that since 2021, it has been working with the Army to change 15 legacy systems into an intelligent automation platform.

BigBear.ai shares were rising 10% in recent trading.

Price: 1.78, Change: +0.17, Percent Change: +10.25

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