BigBear.ai Soars 260% After Winning $900m Air Force Pact
- Shares fell 88% last year amid broader tech stock selloff
- Artificial intelligence sector scrutinized over viral bots
Source: BigBear.ai/Businesswire
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BigBear.ai soared 260% Thursday, the biggest one-day jump on record, after the US Air Force awarded a contract valued at up to $900 million.
The artificial intelligence analytics company will compete for task orders delivering systems, capabilities and synthetic environments under an indefinite delivery and quantity contract. The task orders are expected to be completed by 2032, the company said in a statement.