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Stock impact report

BigBear.ai stock surges on $165M Army contract: CEO [Yahoo! Finance]

BigBear.ai, Inc. (BBAI) 
Company Research Source: Yahoo! Finance
BigBear.ai CEO Mandy Long sits down with Julie Hyman and Josh Lipton on Market Domination Overtime to discuss the deal and the company's position in the AI market. “The basis of GFIM,” which stands for Global Force Information Management, “is really about empowering senior leaders and combatant commanders to make data-driven force structure decisions. The intent here being that we can make decisions with greater confidence and we can ensure that the Army is properly manned, equipped, trained and resourced,” Long tells Yahoo Finance. The CEO says the company “is continuing to move upstream in these competitive bids,” explaining that with the GFIM contract, “We went up against, you know, a lot of the big boys that are out there, and this is a formidable achievement for us because it's a sole source, prime award, which for a company like BigBear.ai is a huge milestone moment because it means that we are now in the game right at scale as a prime.” Taking a look at the AI space as a Show less Read more
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