BigBear.ai Holdings (BBAI) stock surged 6.75% in the pre-market session on Monday, following the company's announcement of a collaboration with Proof Labs to deliver an advanced cyber resiliency solution for the Department of the Air Force.
The partnership aims to provide the Air Force with a comprehensive cybersecurity solution, leveraging BigBear.ai's expertise in artificial intelligence and machine learning, combined with Proof Labs' cutting-edge cyber resiliency technology.
Investors reacted positively to the news, driving BBAI's stock higher in anticipation of potential revenue growth and strategic opportunities stemming from this collaboration with a key government agency.
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