C3.ai Secures $13 Million Air Force Contract to Expand AI Predictive Maintenance for Aircraft

C3.ai Inc. (NYSE:AI) is one of the best AI stocks to buy according to hedge funds. Earlier on June 2, C3.ai announced that it secured a $13 million task order from the United States Air Force/USAF Rapid Sustainment Office/RSO. The order is for the expansion of its AI-enabled predictive maintenance system across additional aircraft platforms and sensor-based algorithms.

This task order marks the first to be fulfilled under a recently increased $450 million Production-Other Transaction Agreement awarded to C3.ai. The larger agreement’s ceiling was raised from an initial $100 million on May 29 this year, and extends through October 2029. The company is proud to build on the success of PANDA and continue supporting the Air Force.

C3.ai Secures $13 Million Air Force Contract to Expand AI Predictive Maintenance for Aircraft

A software company’s engineer staring at a computer monitor with intense concentration.

PANDA stands for Predictive Analytics and Decision Assistant and was co-developed by C3.ai and the USAF. It is a secure, integrated, and customized application and toolkit for near-real-time analytics and data fusion designed to reduce lifecycle costs through improved readiness and fleet availability. The application is powered by the C3 Agentic AI Platform and the C3 AI Readiness application. The new $13 million task order will specifically scale the USAF’s predictive maintenance implementation on PANDA.

C3.ai Inc. (NYSE:AI) is an enterprise AI application software company.

While we acknowledge the potential of AI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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