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MCLEAN, Va. - BigBear.ai (NYSE: BBAI), whose stock has surged over 213% in the past year according to InvestingPro data, has implemented its biometric software for Enhanced Passenger Processing (EPP) at twelve major international airports and ports of entry, the company confirmed Tuesday.
The technology, developed by Pangiam, now a BigBear.ai Company, aims to streamline the international arrivals process for U.S. citizens while maintaining security standards.
The deployments include major transportation hubs such as Chicago International Airport (ORD), Dallas Fort Worth International Airport (DFW), John F. Kennedy International Airport Terminals 4 and 8, Los Angeles International Airport’s Terminal 7 and Tom Bradley International Terminal, and several others across the United States and Canada.
"Deploying Enhanced Passenger Processing at scale requires near seamless integration of advanced biometrics, AI, and operational infrastructure," said Kevin McAleenan, CEO of BigBear.ai, in the press release statement.
The biometric software is designed to support U.S. Customs and Border Protection (CBP) operations at these entry points by integrating artificial intelligence with security protocols.
BigBear.ai describes itself as a provider of AI-powered decision intelligence solutions for national security, defense, travel and trade sectors. The company is publicly traded on the New York Stock Exchange under the ticker BBAI.
The announcement represents the company’s ongoing work in the transportation security sector, focusing on technology that aims to balance passenger experience with security requirements at international borders. For investors seeking deeper insights, InvestingPro offers comprehensive analysis with 12 additional ProTips and detailed financial metrics in its exclusive Pro Research Report, helping investors make more informed decisions about this volatile growth stock.
In other recent news, BigBear.ai reported its first-quarter 2025 earnings, revealing a revenue increase of 4.9% to $34.8 million, yet this figure fell short of the FactSet consensus estimates. The company also posted an earnings per share of -$0.25, missing the forecast of -$0.05. Despite these shortfalls, BigBear.ai’s backlog increased significantly, reaching $385 million, marking a 30.1% year-over-year rise. Additionally, Cantor Fitzgerald adjusted its outlook for BigBear.ai, lowering the 12-month price target from $6.00 to $5.00 while maintaining an Overweight rating, reflecting concerns over the macroeconomic environment.
In another development, BigBear.ai formed a strategic partnership with Easy Lease PJSC and Vigilix Technology Investment L.L.C to advance AI solutions in the United Arab Emirates. This collaboration aims to support digital transformation across multiple sectors. Furthermore, BigBear.ai has joined forces with Hardy Dynamics in a U.S. Army initiative, Project Linchpin, to enhance future warfighting capabilities with AI technologies. Lastly, the company announced the appointment of Sean Ricker as interim CFO, succeeding Julie Peffer, who has moved on to other opportunities.
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