10 Firms Post Double-Digit Gains on Friday

2. BigBear.ai Holdings Inc. (NYSE:BBAI)

BigBear.ai (BBAI) jumped by 26.88 percent on Friday to end at $8.59 each as investor sentiment was buoyed by news that it bagged a contract from the Department of Defense to advance its Virtual Anticipation Network (VANE) prototype.

The VANE prototype, which would use AI and machine learning, would compile vast amounts of data to forecast adversary actions in multi-domain environments and support US military and intelligence operations.

It would allow BBAI to support the Office of the Secretary of Defense in utilizing custom AI models to enhance its foreign news media assessment and analysis of countries that are deemed as US potential enemies.

Originally developed in collaboration with the Irregular Welfare Technical Support Directorate, VANE achieved “awardable” status on the CDAO Tradewinds Solutions Marketplace in April 2024.