BigBear.ai will offer the U.S. Navy systems, process engineering services, and other technology solutions. However, it did not disclose the value of the contract.
BigBear.Ai shares are trading higher on Thursday after the company announced it was awarded a contract under the U.S. Department of Navy's SeaPort Next Generation program.
BigBear.ai (NYSEBBAI), a leader in AI-powered decision intelligence for defense and national security, has been awarded a prime Indefinite Delivery/Indefinite Quantity (IDIQ) contract under the U.S. Department of Navy’s SeaPort Next Generation (SeaPort NxG) program.
In a groundbreaking move, former President Donald Trump has announced a sweeping plan to invest at least $500 billion into artificial intelligence (AI) infrastructure. This initiative, designed to cement the United States' position as a global leader in AI innovation, underscores a collaborative approach involving technology giants, mid-sized players, small-cap, and micro-cap disruptors across the sector.
The sell-off in stocks reversed abruptly this week on better-than-expected inflation readings; investors will want to see strong earnings to support the rally
McAleenan’s appointment signals a strategic shift for BigBear.ai as retail investors anticipate that the company will likely leverage his government experience to expand its defense contracts.
BigBear.ai (NYSEBBAI) today announced that the Board of Directors has appointed Kevin McAleenan as Chief Executive Officer and member of the Board of Directors, effective January 15, 2025, succeeding Mandy Long. Mandy Long will step down as Chief Executive Officer and from the Board of Directors, transitioning to serve as a Company advisor.
