BigBear.ai secures over $225 million in federal contract awards
The awards span homeland security and defense sectors. They include 25+ new generative AI contracts with agencies like the FBI and NASA.
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Artificial intelligence solutions for national security and critical infrastructure
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In short: BigBear.ai won $225M+ in federal contracts, posted 13% Q2 revenue growth with a $270M backlog, and expanded its AI and cargo security.
The awards span homeland security and defense sectors. They include 25+ new generative AI contracts with agencies like the FBI and NASA.
Gainey brings extensive national security expertise and former JTF-Gold command experience. His appointment supports BigBear.ai's defense strategy using ConductorOS.
Revenue reached $36.7 million, gross margin expanded to 32.8%, backlog grew 9% to $269.6 million, and full-year guidance affirmed.
The earnings release will be accessible on its investor relations website, followed by an earnings call at 4:30 pm ET the same day.
Detailed price information for Palantir Technologies Cl A (PLTR-Q) from The Globe and Mail including charting and trades.
BigBear.ai Holdings, Inc. (NYSE: BBAI) is showing early signs of a shift toward higher-quality revenue, with generative AI products becoming a more meaningful...
BBAI's GenAI products lift second-quarter revenues by 13% and gross margin to 32.8%, but wider EBITDA losses show the revenue shift is still unproven.
BigBear.ai Holdings (NYSE: BBAI) reported a $270 million backlog in its most recent quarter, representing a 9% increase from year-end and underpinned by more...
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