Is $BBAI the Next $PLTR? The Biometrics Company was Recently Awarded a $165M US Army Contract

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For perspective, $PLTR has millions in military contracts and is currently trading at around $72.00, up from $8 earlier this year.

https://www.intelligentcio.com/north-america/2024/10/14/bigbear-ai-awarded-165m-five-year-production-contract-to-deliver-the-us-armys-global-force-information-management/

AI Overview

“BBAI” refers to the stock ticker symbol for “BigBear.ai,” a company that provides biometric verification solutions often used in airports, particularly for facial recognition during the boarding process, with their “veriScan” technology currently implemented at Denver International Airport (DEN) to streamline passenger identification for international travelers; essentially, “BBAI” signifies the company behind the technology used to scan faces at airport gates for security checks. 

Key points about BBAI in airports: 

• Function:BigBear.ai’s technology, primarily “veriScan,” captures and transmits passenger facial images to customs authorities for identity verification during boarding, enhancing security and potentially speeding up the process. 
• Implementation example:Denver International Airport is currently utilizing BigBear.ai’s biometric boarding system at several international departure gates. 
• Passenger choice:While mandatory for international travelers, U.S. citizens can usually opt out of the facial recognition process. 

And check out the most recent institutional holder’s additions to their holdings in the company:

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