BigBear.ai deploys AI-powered cargo security platform in Panama
PTG, Panama's largest logistics operator, signed a commercial agreement to deploy the solution, enhancing supply chain transparency.
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In short: BigBear.ai strengthened its balance sheet and expanded its cargo security presence through new commercial deployments and strategic partnerships.
PTG, Panama's largest logistics operator, signed a commercial agreement to deploy the solution, enhancing supply chain transparency.
Revenue was $34.4 million, backlog increased to $281.9 million, and gross margin expanded to 34.0% from 21.3% year-over-year.
The new executives bring over 25 years of experience each in federal contracting and communications, with Bjornson previously at V2X and Thompson at Edelman.
Revenue decreased 38% to $27.3M; projects 2026 revenue of $135M-$165M.
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