Shares of BigBear.ai Holdings (BBAI), a leading provider of artificial intelligence and machine learning solutions for the defense and intelligence sectors, soared 7.42% in pre-market trading on Thursday, January 30, 2025. The surge comes after the company announced that it has been awarded a prime indefinite delivery/indefinite quantity contract by the U.S. Department of Navy's SeaPort Next Generation program.
The SeaPort Next Generation contract enables BigBear.ai to provide a wide range of services and solutions to the U.S. Navy and other Department of Defense agencies. This represents a significant win for the company, as it further solidifies its position as a trusted partner in providing cutting-edge technology solutions to the U.S. military.
While the specific details of the contract were not disclosed, the award highlights the growing demand for BigBear.ai's expertise in areas such as data analytics, cybersecurity, and artificial intelligence. The company's ability to secure this high-profile contract underscores the strength of its offerings and the confidence the U.S. government has in its capabilities.
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