Overview
- Shares closed up 16% at $6.26 on Monday after BigBear.ai outlined a partnership to support Malaysia’s Pahang Aerospace City.
- BigBear.ai signed an MoU with Pahang Aerospace City, Easy Lease and Vigilik Technology Investment to integrate AI and security across transit and a planned regional spaceport.
- Third-quarter results showed $33.14 million in revenue and a 3-cent loss per share, and management reaffirmed its full-year 2025 sales outlook.
- The company announced plans to acquire Ask Sage, a secure generative‑AI platform for government users, though reports differ on timing, with some citing a recent closing and others an early‑2026 completion.
- Ask Sage is described as supporting roughly 160,000 government teams and tracking toward $25 million in annual recurring revenue, and H.C. Wainwright reiterated a Buy with an $8 target, calling it a 2026 growth catalyst.