BigBear.ai Showcases Defense AI Capabilities in Major Naval Exercise

BigBear.ai Holdings is currently demonstrating its artificial intelligence technologies at one of the world’s largest multinational naval exercises. The company, in collaboration with digital partner SMX, is deploying advanced AI systems for the US Naval Forces Southern Command during UNITAS 2025. This strategic presentation, running through October 6, could potentially lead to new contract opportunities for the defense technology firm.

Despite showcasing cutting-edge technology, BigBear.ai faces financial headwinds. The company reported an 18% revenue decline to $32.5 million for the second quarter of 2025. Meanwhile, its adjusted EBITDA loss widened significantly, doubling to $8.5 million during the same period.

However, the company’s contract pipeline tells a more promising story. BigBear.ai maintains a substantial backlog of $380 million, representing a 43% increase compared... Read more...