MicroCap Analytics Solutions Firm BigBear.ai Bags $900M Order From US Air Force

by Shivani Kumaresan, Benzinga Staff Writer
January 12, 2023 10:25 AM | 1 min read |
  • BigBear.ai 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.
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