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Valued at an estimated $14 billion, the multiple-award, indefinite delivery, indefinite quantity (IDIQ) contract will support scientific and technical intelligence, foundational military intelligence, and
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BigBear.ai (BBAI) has declined 29.4% over three months despite reporting 13% Q2 revenue growth to $36.7M and a strong $409.8M cash position. The company faces headwinds from modest growth relative to AI opportunity, persistent losses with adjusted EBITDA deteriorating to -$11.6M, heavy dependence on government contract conversion, and intense competition from larger players like Palantir. While the company benefits from rising AI demand and has strategic M&A plans, investors remain cautious about profitability and execution risks.
Parsons Corporation has been selected to participate in Project Watershed 250, a new Trump Administration pilot program launched to protect critical water infrastructure from cyberattacks. The initiative, unveiled in San Antonio by White House National Cyber Director Sean Cairncross and Texas Governor Greg Abbott, leverages Parsons' 80+ years of water infrastructure expertise and cybersecurity capabilities to defend against AI-enabled threats and nation-state attacks targeting water utilities.
Parsons Corporation (NYSE:PSN) announced today that it has been selected to participate in a new pilot program launched by the Trump Administration to protect critical water infrastructure which is vital to our society.