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BigBear.AI Stock Jumps: What's Going On?

BenzingaEvette Mitkov

BigBear.Ai Inc (NYSE:BBAI) shares are climbing Tuesday. The company said it has landed more than $225 million in new government work since July.

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    Why BigBear.ai Stock Soared as Much as 11.7% Today

    BigBear.ai stock surged up to 11.7% after announcing it secured over 25 contract awards totaling $225 million since July from defense, intelligence, homeland security, and federal civilian customers. However, analysts caution that despite the positive news, the company remains unprofitable with negative operating cash flow, making it suitable only for high-risk investors.