BigBear.ai Holdings more than triples on $900 mln U.S. Air Force contract
12/01/2023 13:56
** Shares of BigBear.ai Holdings Inc BBAI.N more than
triple premarket and are set to open at over five-month high of
$2.70
** Company says it has been awarded a 10-year $900 mln
Indefinite Delivery/Indefinite Quantity (IDIQ) contract by the
U.S. Air Force
** BBAI adds the contract allows it to compete for task
orders delivering capabilities, systems, and synthetic
environments to the Air Force as a prime contractor
** Air Force Life Cycle Management Center Architectures and
Integration Directorate expects the work on awarded task orders
to be completed by 2032
** Stock fell ~88% last year
(Reporting by Ananya Mariam Rajesh in Bengaluru)
((AnanyaMariam.Rajesh@thomsonreuters.com ; Twitter: https://twitter.com/AnanyaMariam;))