BigBear.ai Holdings (BBAI) shares were up more than 18% in premarket activity Thursday after the company said it was awarded a position on the US General Services Administration's Oasis+ unrestricted multiple-agency contract.
The multiple-award, indefinite delivery, indefinite quantity contract has no dollar ceiling and offers a 10-year ordering period with an unlimited number of orders at any dollar value, the company said.
The award includes 75 contract line item numbers in five categories, including management and advisory, technical and engineering, research and development, intelligence services, and logistics, the company added.
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