BigBear.ai Soars 45% After Securing AI Contract With U.S. Defense Department

BigBear.ai (BBAI, Financials), a provider of AI-powered decision intelligence solutions, has been awarded a contract by the Department of Defense’s Chief Digital and Artificial Intelligence Office to advance its Virtual Anticipation Network prototype. Shares of BigBear.ai surged 45.5% to $7.14 as of 2:12 p.m. GMT-5 on Wednesday following the announcement.

Faster and more informed national security judgments are made possible by the system’s ability to evaluate geopolitical hazards…