BigBear.Ai ( BBAI ), Inc. shares are trading higher on Thursday after the company announced it was awarded a prime indefinite delivery/indefinite quantity contract under the U.S. Department of Navy’s SeaPort Next Generation program.

Under this contract, BigBear.Ai ( BBAI ) will provide systems engineering, process engineering and specialized technology solutions to the U.S. Navy along with other federal agencies.

“BigBear.ai is proud to build AI-powered solutions for the U.S. Department of Defense and federal agencies,” said Kevin McAleenan, CEO of BigBear.ai ( BBAI ). “This award reflects our continued dedication to our Nation’s defense efforts, and we are honored to contribute our capabilities to the critical missions of the U.S. Navy.”

How To Buy BigBear.Ai Shares

By now you're likely curious about how to participate in the market for BigBear.Ai ( BBAI ) – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

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BBAI Price Action: At the time of writing, BigBear.Ai ( BBAI ) shares are trading 15.9% higher at $4.22, according to data from Benzinga Pro.

Image: This illustration was generated using artificial intelligence via Midjourney.