Close Menu
fintechbits
  • News
  • AI
  • Acquisitions
  • Trends
  • Insights
  • Rumors
  • Startups
  • finjobsly

Subscribe to Updates

Get the latest news from Fintechbits.

Trending Now

The Fintech Kiwi startup raises $24 million from Vertex Ventures and current investors.

August 25, 2025

Are you in the finance sector? Share your experiences with AI.

August 24, 2025

Truckstop.com purchases the denim division of the transport finish company

August 24, 2025

How inherited momentum is driving growth in the fintech sector.

August 24, 2025
Facebook X (Twitter) Instagram
Trending
  • The Fintech Kiwi startup raises $24 million from Vertex Ventures and current investors.
  • Are you in the finance sector? Share your experiences with AI.
  • Truckstop.com purchases the denim division of the transport finish company
  • How inherited momentum is driving growth in the fintech sector.
  • In the current economic landscape, Jamie Catmull from Finance Forbes discusses the pros and cons of using artificial intelligence for financial management on ABC News Live.
  • Rephrase the title from the Client challenge
  • The prospects for XRP: fluctuations and possibilities for fintech startups
  • Chinese Investors Turn to American Markets as Xinlang Finance App Offers Real-Time Data and AI Insights
Facebook X (Twitter) Instagram Pinterest Vimeo
fintechbits
  • News

    JMJ Fintech experiences fluctuations despite robust recent financial results and growth strategies

    August 16, 2025

    Revolutionizing Financial Independence through Cryptocurrency Adoption

    August 16, 2025

    Reasons Robinhood is poised for long-term growth in the evolving FinTech and cryptocurrency sectors.

    August 16, 2025

    As profits increase, PB Fintech makes another move into common funds.

    August 1, 2025

    The integration of AI is advancing within Israel’s fintech sector.

    July 31, 2025
  • AI

    Are you in the finance sector? Share your experiences with AI.

    August 24, 2025

    How inherited momentum is driving growth in the fintech sector.

    August 24, 2025

    In the current economic landscape, Jamie Catmull from Finance Forbes discusses the pros and cons of using artificial intelligence for financial management on ABC News Live.

    August 23, 2025

    Rephrase the title from the Client challenge

    August 23, 2025

    Chinese Investors Turn to American Markets as Xinlang Finance App Offers Real-Time Data and AI Insights

    August 23, 2025
  • Acquisitions

    Truckstop.com purchases the denim division of the transport finish company

    August 24, 2025

    The funding strategy for the Fintech company is secured.

    July 31, 2025

    African fintech leaders are shaping the industry through worldwide acquisitions.

    June 30, 2025

    Acrisure obtains significant funding to enhance its fintech strategy.

    June 14, 2025

    $200 million IPO SPAC aims for acquisitions in fintech and AI sectors.

    June 1, 2025
  • Trends

    Vietnam’s fintech market projected to exceed 50 billion USD by 2030.

    August 21, 2025

    Silicon Valley Bank’s 2024 Fintech Report offers insights on funding trends, capital transactions, evaluations, and opportunities, including the growing focus on AI, as of October 31, 2023.

    August 18, 2025

    Future Fintech advances in the virtual asset industry by applying for a VSP license in Hong Kong.

    August 17, 2025

    A Driving Force for Fintech 2.0

    August 17, 2025

    Insights on the Future of Fintech in Asia

    August 17, 2025
  • Insights

    CM Majhi introduces i-gftch and bharatnetra to enhance Odisha’s fintech ambitions

    August 23, 2025

    Crypto and fintech leaders call on Trump to prevent banks from imposing data fees.

    August 19, 2025

    Breaking: Over 80 leaders in crypto and fintech urge Trump to prevent access to banking data, highlighting harm to consumers | Flash report details

    August 19, 2025

    A high-stakes competition in the Finch gaming revolution

    August 18, 2025

    Fintech Lance AI Assistant provides over 1 billion loans for migrants.

    August 16, 2025
  • Rumors

    Market Impact and Strategic Prospects

    August 15, 2025

    Speculation rises amid Figma’s success and OpenAI’s $500 billion evaluation discussions.

    August 14, 2025

    China does not confirm any new restrictions on cryptography amid market volatility rumors.

    August 11, 2025

    Reinstating Trust in Cryptocurrency: The Significance of Reliable Information

    August 2, 2025

    Mybambu is expanding in West Palm Beach, aiming to create 200 new jobs, among several financial services firms that have relocated to Palm Beach County recently.

    July 31, 2025
  • Startups

    The Fintech Kiwi startup raises $24 million from Vertex Ventures and current investors.

    August 25, 2025

    The prospects for XRP: fluctuations and possibilities for fintech startups

    August 23, 2025

    How Misaligned Incentives and Lack of Transparency in Models Endanger Investors

    August 22, 2025

    Bharatpe, the fintech unicorn, hires two senior executives following a profit announcement for FY25.

    August 21, 2025

    Fintech Farm introduces Tezbank in Uzbekistan

    August 21, 2025
  • finjobsly
fintechbits
Home » BigBear.ai Wins 5-Year, $165 Million Production Contract to Provide Global Forces Information Management for the U.S. Army
AI in Finance

BigBear.ai Wins 5-Year, $165 Million Production Contract to Provide Global Forces Information Management for the U.S. Army

5 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
10d1dc9ae3cdf5d0f2c5654b9f59539d.jpeg
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

COLUMBIA, Maryland, October 14, 2024–(BUSINESS FEED)–BigBear.ai (NYSE: BBAI) today announced that the U.S. Army has awarded the company a five-year, $165.15 million sole-source prime contract for Global Production Services Force Information Management (GFIM).

“This contract demonstrates our unwavering commitment to the Army’s digital transformation efforts through our deep mission expertise and use of cutting-edge technologies,” said Mandy Long, CEO of BigBear.ai. “We are honored that the Army has chosen us as its solutions development partner, and we look forward to advancing this critical mission together.”

Since 2021, BigBear.ai has been working with the Army to transform 15 existing systems into an enterprise-wide intelligent automation platform, supporting the Secretary of the Army’s vision for centric force management on the data. Building on contributions from Phases 1 and 2, this contract will support the continued development and transition of CJTF-OE capabilities into production.

“For several years, BigBear.ai has worked to support the Secretary of State’s goal of ensuring the Army embraces new technologies to become a more data-centric fighting force,” said Ryan Legge, president of national security at BigBear.ai. “As a leader in providing technical solutions, we are proud to continue and expand our partnership with G-3/5/7 and PEO-EIS to deliver this critical application.”

The primary requirement of this contract is to complete delivery of a dynamic, integrated, and interoperable global transactional force structure and employment data system for the force management community. This system will enable effective planning, programming and production of authoritative force structure data. Once completed, CJTF-OE will enable senior leaders and combatant commanders to make data-driven force structure decisions more quickly and with greater confidence, helping to ensure the Army has the manpower it needs , appropriate equipment, training and resources.

“The CJTF system will provide critical, authoritative force management data that will enable the Army to properly train, equip and staff our forces,” said Andy St. Laurent, CJTF capability management officer. American army. “Over the past nine months of development, our team has used the SAFe Agile framework to work together and moved closer to realizing GFIM-OE.

About BigBear.ai

BigBear.ai is a leading provider of AI-powered business intelligence solutions for national security, digital identity and supply chain management. Customers and partners rely on BigBear.ai’s artificial intelligence and predictive analytics capabilities in highly complex, distributed, and mission-based operating environments. Headquartered in Columbia, Maryland, BigBear.ai is a public company listed on the NYSE under the symbol BBAI. For more information, visit https://bigbear.ai and follow BigBear.ai on LinkedIn: @BigBear.ai.

Forward-looking statements

This press release contains “forward-looking statements.” Such statements include, but are not limited to, statements regarding the intended use of the proceeds of the private placement and may be preceded by the words “intends”, “may”, “will”, “plans”, “expects”, “anticipates”. , “”projects”, “predicts”, “estimates”, “aims”, “believes”, “hopes”, “potential” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control and cannot be predicted or quantified and, therefore, actual results may differ materially from those expressed or implied by such statements. Forward-looking statements These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, commercial, financial, political and legal conditions; including on a sector basis); risks relating to delays caused by factors beyond our control, including changes in tax or contractual policies or decreases in available government funding; changes in government programs or applicable requirements; budgetary constraints, including automatic reductions resulting from “sequestration” or similar measures and constraints imposed by any lapse in appropriations for the federal government or certain of its departments and agencies; influence or competition from third parties with respect to current, new or existing contracts with government customers; our ability to successfully compete and receive task orders and generate revenue under indefinite delivery/indefinite quantity contracts; potential delays or changes in government appropriations or procurement processes, including as a result of events such as wars, terrorist incidents, natural disasters and public health problems or epidemics; and increased or unexpected costs or delays caused by other factors beyond our control, such as performance failures of our subcontractors; risks related to the deployment of the activity and the timing of expected commercial milestones; the effects of competition on our future operations; our ability to issue stock or stock-related securities in the future, and factors discussed in the Company’s reports and other filings with the SEC, including under the heading “Risk Factors.” More detailed information about the Company and the risk factors that may affect the realization of the forward-looking statements is set forth in the Company’s filings with the SEC, including the Company’s Annual Report on Form 10-K and its Quarterly Reports. on Form 10-Q. . Investors and security holders are encouraged to read these documents free of charge on the SEC’s website at http://www.sec.gov. The Company undertakes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241014237345/en/

Contacts

General/Sales: info@bigbear.ai
Investors: investors@bigbear.ai
Media: media@bigbear.ai

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Are you in the finance sector? Share your experiences with AI.

August 24, 2025

How inherited momentum is driving growth in the fintech sector.

August 24, 2025

In the current economic landscape, Jamie Catmull from Finance Forbes discusses the pros and cons of using artificial intelligence for financial management on ABC News Live.

August 23, 2025
Leave A Reply Cancel Reply

Latest news

The Fintech Kiwi startup raises $24 million from Vertex Ventures and current investors.

August 25, 2025

Are you in the finance sector? Share your experiences with AI.

August 24, 2025

Truckstop.com purchases the denim division of the transport finish company

August 24, 2025
News
  • AI in Finance (1,522)
  • Breaking News (164)
  • Corporate Acquisitions (67)
  • Industry Trends (196)
  • Jobs Market News (304)
  • Market Insights (203)
  • Market Rumors (263)
  • Regulatory Updates (164)
  • Startup News (1,008)
  • Technology Innovations (164)
  • X Feed (1)
About US
About US

FintechBits is a blog delivering the latest news and insights in fintech, finance, and technology. We cover breaking news, market trends, innovations, and expert opinions to keep you informed about the future of finance

Facebook X (Twitter) Instagram Pinterest Reddit TikTok
News
  • AI in Finance (1,522)
  • Breaking News (164)
  • Corporate Acquisitions (67)
  • Industry Trends (196)
  • Jobs Market News (304)
  • Market Insights (203)
  • Market Rumors (263)
  • Regulatory Updates (164)
  • Startup News (1,008)
  • Technology Innovations (164)
  • X Feed (1)
Happening Now

November 28, 2024

“ Intentionally collaborative ”: how the Rotman school of U of T leads Innovation Fintech

February 6, 2025

‘1957 Ventures’ to Drive FinTech Innovation in Saudi Arabia

September 10, 2024
  • About FintechBits
  • Advertise With us
  • Contact us
  • Disclaimer
  • Privacy Policy
  • Terms and services
  • BUY OUR EBOOK GUIDE
© 2025 Designed by Fintechbits

Type above and press Enter to search. Press Esc to cancel.