Tiger Brokers

BigBear.ai Wins Over $225 Million in Federal Contract Awards Since July

MT Newswires Live
Yesterday

BigBear.ai (BBAI) said Tuesday it has won more than $225 million in contract awards since July from federal homeland security, defense, intelligence, and civilian customers.

This includes more than 25 new generative artificial intelligence awards from agencies covering the Federal Bureau of Investigation, NASA, the US Coast Guard, the US Department of Energy, and the US Department of Veterans Affairs, the company said.

BigBear.ai kept its work with US Customs and Border Protection by winning renewed deals alongside partners SAIC and Unissant covering the movement of travelers and cargo across US borders, it said.

Shares of the company were up over 4% in Tuesday trading.

Price: 2.41, Change: +0.11, Percent Change: +4.57

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