BigBear.ai Stock Surges 11% After Chicago O’Hare Security Deployment
BigBear.ai shares rallied sharply this week, closing at $7.05 on October 24 with year-to-date gains approaching 100%. The artificial intelligence specialist saw after-hours trading reach $7.11 on October 25 as volume spiked 216% above average levels.
The surge follows two strategic developments: a military-focused edge computing partnership with Tsecond announced October 13, and the October 23 deployment of veriScan biometric technology at Chicago O'Hare Airport. The airport implementation reportedly slashed international arrival processing from 60 seconds to just 10 seconds per traveler.
Despite operational successes, financials reveal challenges. Q2 2025 revenue declined 18% year-over-year to $32.5 million while net losses reached $228.6 million. Management subsequently revised full-year revenue guidance downward by 20%.
Analysts remain cautious with a consensus 'Hold' rating and $6.00 price target, though the company maintains $390 million in cash reserves and a $380 million contract backlog. The stock's volatility reflects the high-risk, high-reward nature of government-focused AI plays.
