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yesterday

BigBear.ai Rolls Out Biometric Customs at Nashville as Stock Jumps on Drone-Policy Boost

Investor interest reflects expectations of new airport contracts plus defense exposure from looser U.S. drone export rules.

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Overview

  • BigBear.ai said its veriScan-supported Enhanced Passenger Processing is now live in Nashville’s International Arrivals Facility, operated by the Metropolitan Nashville Airport Authority with U.S. Customs and Border Protection.
  • The company says eligible U.S. citizens can clear customs without presenting a physical passport and that the system reduces processing times and peak-period congestion.
  • Shares gained nearly 13% in early trading on September 16 and rose 16.7% on September 17 to close at $5.94, extending a multi-day rally tied to operational and policy news.
  • Recent U.S. export-control changes approved by the Secretary of State reclassify certain military drones, easing sales to countries such as the UAE and some European nations and prompting bets on related defense suppliers.
  • Context for investors includes earlier EPP deployments at JFK, LAX, and O’Hare and financials showing roughly $152.6 million in trailing revenue against about $444 million in losses.