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 Force Information Management (GFIM) Production Services.

“This contract exemplifies our unwavering commitment to the Army’s digital transformation efforts through our deep mission expertise and use of cutting-edge technology,” said BigBear.ai’s CEO, Mandy Long. “We are honored that the Army has selected us as a solution 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 legacy systems into an enterprise-wide intelligent automation platform, supporting the Secretary of the Army’s vision for data-centric force management. Building on the contributions through Phase 1 and Phase 2, this contract will support the continued development and transition of GFIM-OE capabilities to production.

“For the past several years, BigBear.ai has been working to support the Secretary’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 on our partnership with the G-3/5/7 and PEO-EIS to deliver this mission critical application.”

The primary requirement of this contract is to complete the delivery of a dynamic, integrated, and interoperable transactional global 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. Upon completion, GFIM-OE will empower senior leaders and combatant commanders to make data-driven force structure decisions more quickly and with greater confidence, helping to ensure the Army is properly manned, equipped, trained, and resourced.

“The GFIM system will provide critical authoritative force management data that enables the Army to properly train, man, equip, and resource our forces,” said Andy St. Laurent, U.S. Army GFIM Capabilities Management Officer. “Over the past nine months of development, our team utilized the SAFe Agile Framework to work together and has moved closer to making GFIM-OE a reality.”

About BigBear.ai

BigBear.ai is a leading provider of AI-powered decision 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, mission-based operating environments. Headquartered in Columbia, Maryland, BigBear.ai is a public company traded 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 proceeds from 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 consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political, and legal conditions; risks related to the uncertainty of the projected financial information (including on a segment reporting basis); risks related to delays caused by factors outside of our control, including changes in fiscal or contracting policies or decreases in available government funding; changes in government programs or applicable requirements; budgetary constraints, including automatic reductions as a result of “sequestration” or similar measures and constraints imposed by any lapses in appropriations for the federal government or certain of its departments and agencies; influence by, or competition from, third parties with respect to pending, new, or existing contracts with government customers; our ability to successfully compete for and receive task orders and generate revenue under Indefinite Delivery/Indefinite Quantity contracts; potential delays or changes in the government appropriations or procurement processes, including as a result of events such as war, incidents of terrorism, natural disasters, and public health concerns or epidemics; and increased or unexpected costs or unanticipated delays caused by other factors outside of our control, such as performance failures of our subcontractors; risks related to the rollout of the business and the timing of expected business milestones; the effects of competition on our future business; our ability to issue equity or equity-linked securities in the future, and those factors discussed in the Company’s reports and other documents filed 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 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 urged to read these documents free of charge on the SEC’s web site at http://www.sec.gov. The Company assumes 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.

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

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