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Stock impact report

Why AI Stock BigBear.ai Holdings Flew 11% Higher on Friday [Yahoo! Finance]

BigBear.ai, Inc. (BBAI) 
Company Research Source: Yahoo! Finance
News of a fresh business partnership, combined with a modest rally in tech stocks, helped drive up the share price of BigBear.ai (NYSE: BBAI) on Friday. The company's stock rose at double-digit rates, closing the day more than 11% higher. Just after market close on Thursday, BigBear.ai announced its latest public-sector business collaboration. It wrote in a press release that it has formed a strategic partnership with C Speed, a defense company specializing in radar technology. BigBear.ai and C Speed will team up to integrate the former company's ConductorOS artificial intelligence (AI) platform with the latter's LightWave Radar (LWR) system to enhance threat detection and decision-making for military and security clients. This appears to be a globe-spanning partnership; in the press release trumpeting the tie-up, BigBear.ai stated that it would involve its recently opened office in Abu Dhabi, United Arab Emirates. The Middle East is an ideal region for deploying cutting-edge t Show less Read more
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