9/103 sources · 3 publishersUpdated Oct 13, 14:15 UTC
BigBear.ai reports more than $225 million in federal contract awards since July
BigBear.ai said it obtained more than $225 million in federal contract awards since July, including over 25 new generative-AI awards and recompeted work. The awards involve agencies such as the FBI, NASA and the U.S. Coast Guard, along with defense, intelligence and civilian customers. CEO Kevin McAleenan said the wins demonstrate a strengthening customer base.
Why it matters
The awards expand BigBear.ai's federal customer footprint, but their total contract value includes optional and ceiling amounts that may not yet be funded. The company said its backlog was approximately $270 million at June 30, 2026, with approximately 29% funded.
Key facts
- 1BigBear.ai announced more than $225 million in federal contract awards secured since July. investing.com
- 2The company reported over 25 new generative-AI awards across federal agencies. stocktitan.net
- 3The awards include new work for the FBI, NASA and the U.S. Coast Guard, as well as recompeted work for U.S. Customs and Border Protection. investing.com
- 4BigBear.ai's total backlog was approximately $270 million at June 30, 2026, and approximately 29% of it was funded. investing.com
- 5The reported total contract value includes unexercised options and ceiling values and may not represent funded amounts. investing.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.