$BigBear.ai Holdings(BBAI)$
BigBear.ai Stock Jumps on Deal to Supply AI Platform to Shipbuilder Austal USA:
On Friday, April 25, 2025, BigBear.ai (BBAI) saw its stock price rise by 11% to $3.23 by 10:37 a.m. Eastern Time. This increase followed the company's announcement of a deal to supply its AI-powered manufacturing platform, Shipyard AI, to Austal USA.
Shipyard AI will be implemented at Austal USA's facility in Mobile, Alabama, as part of a modernization effort. Austal USA is a major shipbuilder in the U.S. and supplies submarine modules to the U.S. Navy.
BigBear.ai's Shipyard AI aims to improve efficiency in shipbuilding by optimizing the use of labor and real estate, with the goals of streamlining capacity planning and reducing production delays. The software is intended to help Austal USA meet tight budget and schedule constraints for vessel delivery.
BigBear.ai CEO Kevin McAleenan stated that this collaboration would support national defense and help increase submarine production capabilities. He noted that Shipyard AI was specifically designed for shipyard planners and builders. This partnership highlights the increasing adoption of AI and digital twin technologies within the defense sector to enhance operations and meet the Pentagon's requirements for rapid naval force deployment.
Notably, Austal USA is expanding its facilities in Mobile, Alabama, to increase its capacity for manufacturing submarine modules for both the Columbia-class and Virginia-class submarines, aiming to support the Navy's goal of producing one Columbia-class and two Virginia-class submarines annually.
@TigerWire @Tiger_Trade @Tiger Community @Tiger_comments @TigerStars @Daily_Discussion @TigerEvents
Comments