Shares of BigBear.ai Holdings (BBAI), a prominent artificial intelligence and machine learning solutions provider for the defense and intelligence sectors, skyrocketed 14.73% in pre-market trading on Thursday morning.

The significant surge was fueled by the company's announcement of securing a prime indefinite delivery/indefinite quantity contract from the U.S. Department of Navy's SeaPort Next Generation program. This high-profile contract victory allows BigBear.ai to offer a wide range of services and cutting-edge solutions to the U.S. Navy and other Department of Defense agencies, further solidifying its position as a trusted partner in the defense technology space.

While the exact details of the contract remain undisclosed, 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 coveted contract demonstrates the strength of its offerings and the confidence the U.S. government has in its capabilities.