BigBear.ai Awarded 5-Year, $165M Production Contract For US Army's Global Force Information Management - Objective Environment
Portfolio Pulse from Benzinga Newsdesk
BigBear.ai has been awarded a 5-year, $165 million production contract by the US Army for the Global Force Information Management - Objective Environment project. This contract highlights BigBear.ai's capabilities in providing advanced data analytics and AI solutions to the military sector.
October 14, 2024 | 1:02 pm
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BigBear.ai has secured a significant 5-year, $165 million contract with the US Army, which is likely to boost its revenue and strengthen its position in the defense sector.
The $165 million contract with the US Army is a substantial deal for BigBear.ai, likely to positively impact its revenue and market position. The long-term nature of the contract (5 years) provides financial stability and potential for further growth in the defense sector.
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