BigBear AI (BBAI) Takes Part in Huge International Military Exercise, Soars 13.7%

BigBear.ai Holdings, Inc. (NYSE:BBAI) is one of the Double Digit Gains: 10 Stocks Soaring Like Crazy.

BigBear AI jumped by 13.68 percent to close at $7.56 apiece following news that it is taking part in a huge international military exercise to test out and improve advanced technologies for future defense needs.

In a statement yesterday, BigBear.ai Holdings, Inc. (NYSE:BBAI) said it joined forces with partners and allies across Australia, Canada, France, Japan, New Zealand, United Kingdom, and all branches of the United States military to integrate resources and technologies in support of defense transformation efforts for future warfighters.

BigBear AI (BBAI) Takes Part in Huge International Military Exercise, Soars 13.7%

A closeup of a computer server rack surrounded by a CAT5 network of cables.

Called the Project Convergence – Capstone 5 (PC-C5), the initiative aims to test Next Generation Command Control (NGC2) systems using relevant AI models. BigBear.ai Holdings, Inc. (NYSE:BBAI) said that its Virtual Anticipation Network (VANE) platform proved critical in helping forces quickly gain situational awareness and identify emerging threats.

“BigBear.ai is proud that VANE continues to demonstrate operational value in real-world exercises and experiments like PC-C5, involving forces from multiple nations,” said Ryan Legge, President of National Security at BigBear.ai.

“These environments validate the critical role AI plays in supporting faster, more accurate decision-making for warfighters. The feedback we received will inform future enhancements to better serve our mission partners,” he added.

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Disclosure: None. This article is originally published at Insider Monkey.