BigBear.ai integrates threat detection with Smiths Detection scanners

MCLEAN, Va. - BigBear.ai (NYSE:BBAI), a $2.14 billion market cap AI solutions provider that has seen its stock surge over 380% in the past year according to InvestingPro, has successfully integrated its Pangiam Threat Detection solution with Smiths Detection’s HI-SCAN 6040 CTiX computed tomography screening systems, the company announced in a press release.

The integrated solution, now available for airports worldwide, provides real-time detection of prohibited items in luggage. It has completed testing and is currently being trialed at multiple international airports. The company, which generates annual revenues of $152.56 million, maintains a strong financial position with more cash than debt on its balance sheet, according to InvestingPro data.

"By connecting BigBear.ai’s platform with Smiths Detection’s advanced CT scanners, we’re helping airports adopt open architecture solutions that adapt quickly to emerging threats, while also improving throughput and the passenger experience," said Kevin McAleenan, CEO of BigBear.ai.

The collaboration represents an expansion of open architecture solutions within aviation security, allowing operators to select capabilities based on their specific operational needs.

Cymoril Metivier, Global Director Digital at Smiths Detection, stated that the integration aligns with the principles of the Ada initiative, supporting customers in implementing Open Architecture responsibly.

BigBear.ai’s Pangiam Threat Detection platform was originally developed under the Project Dartmouth initiative. Its open architecture supports integration with various third-party scanning hardware, detection algorithms, and decision support tools.

The solution aims to enhance security operations across aviation, port, and border environments by providing airport operators with tools to modernize checkpoint security.

BigBear.ai describes itself as a provider of mission-ready AI solutions for defense, national security, and critical infrastructure, while Smiths Detection specializes in inspection and detection technologies for various security markets.

In other recent news, BigBear.ai Holdings reported its second-quarter 2025 earnings, which fell significantly short of expectations. The company posted an earnings per share (EPS) of -$0.71, compared to the anticipated -$0.06, representing a surprising deviation of over 1,083%. Revenue for the quarter was $32.5 million, missing the forecasted $41.19 million by 21.1%. In light of these results, BigBear.ai adjusted its full-year revenue guidance to between $125.0 million and $140.0 million, down from the previous projection of $160.0 million to $180.0 million. The company cited disruptions in federal contracts, particularly those supporting the U.S. Army, as a contributing factor. Following these developments, H.C. Wainwright lowered its price target for BigBear.ai to $8.00 from $9.00, though it maintained a Buy rating. Meanwhile, Cantor Fitzgerald raised its price target to $6.00 from $5.00, continuing to hold an Overweight rating, citing "secular tailwinds and improved financial flexibility" despite near-term execution issues. These recent developments highlight significant challenges and adjustments for BigBear.ai in the current financial landscape.

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