BigBear.ai Stock Is Soaring 35%. It Secured a Piece of a $2.4 Billion FAA Contract.

BigBear.ai Stock Is Soaring 35%. It Secured a Piece of a $2.4 Billion FAA Contract. · Barrons.com

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Shares of BigBear.ai were charging higher Wednesday after the artificial-intelligence software provider was named a subcontractor in a $2.4 billion contract with the Federal Aviation Administration. The company has a market capitalization of about $333 million. BigBear.ai was named a subcontractor to Concept Solutions, an information technologies company, which is one of 14 companies awarded a Federal Aviation Administration information technology contract.