BigBear.ai Inks 10-Year Multiple Award $900 Million IDIQ Contract With US Air Force

RTTNews | 909 days ago
Stocktwits
BigBear.ai Inks 10-Year Multiple Award $900 Million IDIQ Contract With US Air Force

(RTTNews) - BigBear.ai Holdings, Inc. (BBAI), a provider of AI-powered analytics and cyber engineering solutions, announced Thursday it has been awarded a multiple award $900 million Indefinite Delivery/Indefinite Quantity (IDIQ) contract by the U.S. Air Force.

The contract vehicle allows BigBear.ai to compete for task orders delivering capabilities, systems, and synthetic environments to the Air Force as a prime contractor. It can also compete for task orders supporting the research and development of new technologies, creation of rapid prototypes, capability testing, and solution implementation.

The Air Force Life Cycle Management Center (AFLCMC) Architectures and Integration Directorate expects the work on awarded task orders to be completed by 2032.

BigBear.ai said this contract will allow it to continue its long-term partnership with the U.S. Air Force and support as a prime contractor in future opportunities.

BigBear.ai delivers AI-powered analytics and cyber engineering solutions to support mission-critical operations and decision-making in complex, real-world environments.

Tags: BBAI
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China Inflation Turns Positive; PPI Continues To Fall

China Inflation Turns Positive; PPI Continues To Fall

China's consumer prices rose for the first time in five months in June but it remained weak and producer prices marked its 33rd straight month of decline, adding pressure on policymakers to introduce more measures to support economy. The consumer price index logged an unexpected annual growth of 0.1 percent in June, offsetting a fall of 0.1 percent in May, the National Bureau of Statistics said
RTTNews | 21 minutes ago
NZ Dollar Retreats Against Majors

NZ Dollar Retreats Against Majors

The New Zealand dollar retreated from recent highs against other major currencies in the Asian session on Wednesday.
RTTNews | 1h 4min ago
New Zealand Holds Key Rate As Expected

New Zealand Holds Key Rate As Expected

The Reserve Bank of New Zealand left its benchmark interest rate unchanged on Wednesday citing elevated level of uncertainty and near-term risks to inflation. The Monetary Policy Committee, governed by Christian Hawkesby, decided to hold the Official Cash Rate at 3.25 percent. The bank has paused the easing cycle for the first time since it started cutting rates in August 2024.
RTTNews | 2h 40min ago
Sensex, Nifty Tad Lower Dragged By IT Stocks

Sensex, Nifty Tad Lower Dragged By IT Stocks

Indian shares opened a tad lower on Wednesday after U.S. President Donald Trump offered no exceptions to his Aug. 1 tariff start date and announced a 50 percent tariff on copper imports, expanding trade measures already in place for steel and aluminum.
RTTNews | 3h 57min ago
Australian Market More Than Halves Early Losses In Mid-market

Australian Market More Than Halves Early Losses In Mid-market

The Australian stock market is halving its early losses in mid-market moves on Wednesday, reversing the slight gains in the previous session, with the benchmark S&P/ASX 200 staying below the 8,600 level, following the mixed cues from Wall Street overnight, with weakness in financial and technology stocks partially offset by gains in mining and energy stocks.
RTTNews | 4h 54min ago
Asian Markets Mixed Amid Tariff Worries

Asian Markets Mixed Amid Tariff Worries

Asian stock markets are trading mixed on Wednesday, following the mixed cues from Wall Street overnight, as traders are reluctant to make significant moves amid the lingering uncertainty about US trade policy after US President Donald Trump delayed the reciprocal tariff deadline until August 1. Asian markets closed mostly higher on Tuesday.
RTTNews | 5h 20min ago
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