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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

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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

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