- BigBear.ai (NYSE:BBAI), an AI-powered analytics solutions provider, has been awarded a multiple award $900 million Indefinite Delivery/Indefinite Quantity (IDIQ) contract by the U.S. Air Force.
- The contract vehicle allows BigBear.ai to compete for task orders delivering capabilities, systems, and synthetic environments to the Air Force as a prime contractor.
- Under the terms, the company can also compete for task orders supporting the research and development of new technologies, the creation of rapid prototypes, capability testing, and solution implementation.
- The Air Force Life Cycle Management Center (AFLCMC) Architectures and Integration Directorate expects the work on awarded task orders to be completed by 2032.
- “BigBear.ai understands the importance in bringing cutting-edge and resilient solutions to each mission, and we are honored to be selected for this opportunity,” said the president and general manager of federal markets, Tony Barrett.
- Price Action: BBAI shares are trading higher by 247.5% at 2.94 on the last check Thursday.
U.S. Job Growth Might Slow To This Level In July, Here Are The Major Macro Issues For Friday
U.S. stocks closed mixed on Thursday as Eli Lilly And Co (NYSE: LLY) reported downbeat results for its second quarter and lowered its FY22 guidance.
