BigBear.ai Secures DoD Contract for AI-Powered Threat Detection System, Boosting Stock and Defense Capabilities

BigBear.ai Pockets DoD Contract To Advance AI-Powered Threat Detection System, Stock Skyrockets - BigBear.ai Hldgs (NYSE:BBAI)

VANE prototype will improve defense decision-making and intelligence. Shares of digital intelligence solutions provider BigBear.ai BBAI are trading higher on Wednesday. The U.S. Department of Defense (DoD) Chief Digital and Artificial Intelligence Office (CDAO) has granted the company a major contract to advance Virtual Anticipation Network (VANE) prototype. This system is intended to detect trends and important topics connected to potential adversarial threats using AI models, allowing for faster and more precise evaluations of media content that may be crucial for defense strategies. The VANE prototype will play a key role in assisting the CDAO and the Office of the Secretary of Defense (OSD) in making national security decisions. Also Read: Embraer Lands Record $7 Billion Flexjet Order Originally created in partnership with the Irregular Warfare Technical Support Directorate (IWTSD), VANE utilizes sophisticated AI models to examine large datasets from news sources. The system collects and analyzes information, offering more precise understanding of adversarial actions. With VANE, the DoD seeks to enhance the evaluation of complex multi-domain environments, which is essential for both military and government functions. BigBear.ai marked a significant achievement with the VANE system when it earned "awardable" status on the CDAO Tradewinds Solutions Marketplace in April 2024. Advancing to a fully operational prototype represents an important step in expanding the technology's application within defense operations. The contract features a transition plan to integrate VANE into the CDAO's Advana platform, allowing its deployment across additional DoD agencies and Combatant Commands. This partnership represents a key advancement in utilizing AI for defense, offering essential assistance in enhancing national security. Price Action: BBAI shares are trading higher by 36.9% at $6.72 at the last check Wednesday. Read Next: Toyota To Open New EV Production Facility In Shanghai Image via Shutterstock. BBAIBigBear.ai Holdings Inc$6.7036.5%WatchlistOverview This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs

What's Going On With BigBear.Ai Stock Thursday? - BigBear.ai Hldgs (NYSE:BBAI)

BigBear.Ai will provide systems engineering, process engineering and specialized technology solutions to the U.S. Navy. BigBear.Ai, Inc. BBAI shares are trading higher on Thursday after the company announced it was awarded a prime indefinite delivery/indefinite quantity contract under the U.S. Department of Navy's SeaPort Next Generation program. Under this contract, BigBear.Ai will provide systems engineering, process engineering and specialized technology solutions to the U.S. Navy along with other federal agencies. "BigBear.ai is proud to build AI-powered solutions for the U.S. Department of Defense and federal agencies," said Kevin McAleenan, CEO of BigBear.ai. "This award reflects our continued dedication to our Nation's defense efforts, and we are honored to contribute our capabilities to the critical missions of the U.S. Navy." How To Buy BigBear.Ai Shares By now you're likely curious about how to participate in the market for BigBear.Ai - be it to purchase shares, or even attempt to bet against the company. Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy 'fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so. If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to 'go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading - either way it allows you to profit off of the share price decline. See Also: Valero Energy Q4 Earnings Beat Expectations Despite Refining Woes: Details BBAI Price Action: At the time of writing, BigBear.Ai shares are trading 15.9% higher at $4.22, according to data from Benzinga Pro. Image: This illustration was generated using artificial intelligence via Midjourney. BBAIBigBear.ai Holdings Inc$4.2115.8%WatchlistOverviewMarket News and Data brought to you by Benzinga APIs

Why BigBear.ai Stock Is Skyrocketing Today | The Motley Fool

BigBear.ai (BBAI 13.19%) stock is surging higher in Thursday's trading. The software company's share price was up 17.2% as of 3 p.m. ET and had been up as much as 18.1% earlier in the session. BigBear.ai's valuation is rapidly climbing higher following an announcement that the company has won a new contract through the U.S. Navy. With today's gains, the stock is now up more than 130% over the last year. Before the market opened this morning, BigBear.ai published a press release announcing that it had landed a new contract through the Navy's SeaPort Next Generation (SeaPort NxG) program. The contract is an indefinite delivery/indefinite quantity (IDIQ) partnership that will see BigBear.ai provide systems and process engineering along with additional technologies and support services for the Navy and other federal agencies. The contract win is the first announced under new CEO Kevin McAleenan, and investors are betting that signals a significant sales driver for the business. BigBear.ai has continued to rack up contract wins with defense industry customers. In conjunction with excitement surrounding artificial intelligence (AI) plays, this helped power a big rally for the stock -- and the company is now valued at roughly 5.5 times this year's expected sales. With its third-quarter report, BigBear.ai saw sales increase roughly 22% year over year to reach $41.5 million -- and it looks like growth should accelerate in the fourth quarter. Sales were roughly flat over the previous nine months, but management expected to close out 2024 with double-digit revenue growth. The company guided for full-year sales for 2024 to come in between $165 million and $180 million, representing an annual sales increase of roughly 11.2% at the midpoint of the guidance range. But while sales momentum looks poised to pick up, the profitability outlook continues to be a concern. The company posted a gross margin of just 25.9% in the third quarter, which is relatively low for an AI software business. The stock could soar if BigBear.ai can keep serving up revenue expansion and deliver significant improvement for gross margins, but shares look riskier on the heels of their recent rally.

BigBear.ai Wins Department of Defense Contract to Prototype Near-Peer Adversary Geopolitical Risk Analysis for Chief Digital and Artificial Intelligence Office (CDAO)

BigBear.ai (NYSE: BBAI), a leading provider of AI-powered decision intelligence solutions for defense and national security, has been awarded a contract by the Department of Defense (DoD) Chief Digital and Artificial Intelligence Office (CDAO) to advance BigBear.ai's Virtual Anticipation Network (VANE) prototype. This initiative will support the CDAO and Office of the Secretary of Defense (OSD) by leveraging custom AI models to better assess news media originating in countries that are potential foreign adversaries. The prototype award is designed to improve CDAO's ability to identify key trends and topics related to potential foreign adversarial areas of interest, enabling faster and more informed assessments of media data vital to national security. VANE was created to contrive clarity in multi-domain environments for military and government applications by aggregating and analyzing vast data points, enabling predictions of adversarial activity in complex situations. "We are honored to continue our support in the modernization of our nation's defense efforts. This award underscores the importance of leveraging cutting-edge AI technologies to address complicated geopolitical challenges," said Ryan Legge, President of National Security at BigBear.ai. "By advancing VANE within CDAO, we are arming our warfighters with sophisticated intelligence capabilities to leverage foreign insights critical to the safety of our Nation and those protecting it." VANE was initially developed in partnership with the Irregular Warfare Technical Support Directorate (IWTSD). Additionally, VANE received "awardable" status on the CDAO Tradewinds Solutions Marketplace in April 2024. Advancing to CDAO marks a successful transition from a research prototype to an operational prototype, providing critical insights to decision-makers. The contract involves a transition plan, which aims for a future deployment on CDAO's Advana environment, enabling a broader audience across the DoD's Combatant Commands to access the advanced AI capability. To learn more about BigBear.ai's VANE, download the solution brief here: https://bigbear.ai/resources/virtual-anticipation-network-vane-solution-brief/. About BigBear.ai BigBear.ai is a leading provider of AI-powered decision intelligence solutions and service for national security, defense, travel, trade, and enterprise. Customers and partners rely on BigBear.ai's artificial intelligence and predictive analytics capabilities in highly complex, distributed, mission-based operating environments. Headquartered in McLean, Virginia, BigBear.ai is a public company traded on the NYSE under the symbol BBAI. For more information, visit https://bigbear.ai and follow BigBear.ai on LinkedIn: @BigBear.ai. To receive email communications from BigBear.ai, register here. Forward-Looking Statements This press release contains "forward-looking statements." Such statements include, but are not limited to, statements regarding the intended use of proceeds from the private placement and may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company's control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political, and legal conditions; risks related to the uncertainty of the projected financial information (including on a segment reporting basis); risks related to delays caused by factors outside of our control, including changes in fiscal or contracting policies or decreases in available government funding; changes in government programs or applicable requirements; budgetary constraints, including automatic reductions as a result of "sequestration" or similar measures and constraints imposed by any lapses in appropriations for the federal government or certain of its departments and agencies; influence by, or competition from, third parties with respect to pending, new, or existing contracts with government customers; our ability to successfully compete for and receive task orders and generate revenue under Indefinite Delivery/Indefinite Quantity contracts; potential delays or changes in the government appropriations or procurement processes, including as a result of events such as war, incidents of terrorism, natural disasters, and public health concerns or epidemics; and increased or unexpected costs or unanticipated delays caused by other factors outside of our control, such as performance failures of our subcontractors; risks related to the rollout of the business and the timing of expected business milestones; the effects of competition on our future business; our ability to issue equity or equity-linked securities in the future, and those factors discussed in the Company's reports and other documents filed with the SEC, including under the heading "Risk Factors." More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the SEC, including the Company's Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC's web site at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise, except as required by law.