BigBear.ai Holdings, an AI-decision intelligence solutions company for defense and national security, experienced a significant pre-market surge of 11.39% on Thursday. The rally was driven by the company's announcement of securing a crucial contract from the Department of Defense's Chief Digital and Artificial Intelligence Office (CDAO).

Under the contract, BigBear.ai will develop and advance its Virtual Anticipation Network (VANE) prototype, an automated learning and forecasting AI system designed to analyze media data from potential foreign adversaries. The VANE system aims to leverage custom AI models to assess news media originating in adversary countries, providing valuable insights to identify geopolitical risks and national security threats.

This contract highlights the growing importance of utilizing advanced AI technologies in addressing complex geopolitical challenges and strengthening national defense capabilities. By enhancing the VANE system within the CDAO, BigBear.ai aims to provide sophisticated intelligence capabilities to decision-makers and warfighters, ultimately contributing to the safety and security of the nation.