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MCLEAN, Va. - BigBear.ai (NYSE: BBAI), a technology company with a market capitalization of $1.1 billion and showing remarkable growth with a 169% return over the past year according to InvestingPro, has formed a strategic partnership with Easy Lease PJSC (ADX: EASYLEASE) and Vigilix Technology Investment L.L.C to develop and deploy AI solutions in the United Arab Emirates and surrounding region, according to a press release statement.
The collaboration aims to support digital transformation across multiple sectors, with BigBear.ai serving as the primary technology provider, Easy Lease contributing operational expertise, and Vigilix offering regional insight and strategic guidance. The partnership comes as BigBear.ai demonstrates revenue growth of 9.4% in the last twelve months, though InvestingPro data indicates analysts don’t expect profitability this year.
Kevin McAleenan, CEO of BigBear.ai, described the partnership as "a major first step in our international expansion" that will focus on delivering "mission-critical systems that enhance safety, mobility, and operational effectiveness."
The initiative will target the mobility, industrial, and other high-growth industries, with emphasis on developing AI tools tailored to the UAE market.
Ahmad Al Sadah, CEO of Easy Lease, stated the partnership reflects "a shared commitment to advancing AI-driven solutions" and represents a step forward in integrating intelligent systems into the company’s operations.
Easy Lease, a subsidiary of International Holding Company (ADX: IHC), operates one of the UAE’s largest vehicle fleets with over 30,000 vehicles and provides mobility solutions across various sectors.
The partnership aligns with UAE’s broader innovation agenda through practical AI deployment and research and development initiatives, according to the announcement. For deeper insights into BigBear.ai’s expansion strategy and comprehensive financial analysis, including 10+ additional ProTips and detailed valuation metrics, visit InvestingPro, where you’ll find expert research reports covering 1,400+ top stocks.
In other recent news, BigBear.ai reported its first-quarter earnings for 2025, revealing a revenue increase of 4.9% to $34.8 million. However, the company did not meet revenue expectations set by FactSet consensus estimates, and its earnings per share (EPS) of -$0.25 fell short of the forecasted -$0.05. Despite these challenges, BigBear.ai has confirmed its financial guidance for the year, projecting a revenue growth range between 1.1% and 13.7%. In another development, BigBear.ai has partnered with Hardy Dynamics to support the U.S. Army’s Project Linchpin, focusing on integrating AI technologies into future warfighting capabilities. The collaboration aims to enhance secure communication and coordination among unmanned aerial system swarms. Additionally, Sean Ricker has been named interim CFO of BigBear.ai, succeeding Julie Peffer, who is pursuing other opportunities. Cantor Fitzgerald recently adjusted its 12-month price target for BigBear.ai, reducing it from $6.00 to $5.00, while maintaining an Overweight rating on the stock. The firm’s backlog at the end of the quarter stood at $385 million, marking a substantial year-over-year increase of 30.1%.
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