BigBear.ai Wins $8.5M Contract Extension on US Army Project

BigBear.ai (Nasdaq: BBAI) has received a 6-month extension from the U.S. Army as the prime contractor for continuing work on the Global Force Information Management (GFIM) system, in a 6-month contract valued at just over $8.5M.

The company will continue work as single-source prime contractor in transforming 15 legacy U.S. Army systems into a single intelligent automation platform, providing real-time data to be in-line with the Secretary of the Army’s data centric initiative.

Highlights

Under the terms of the single-source contract, BigBear.ai as the prime contractor will partner with Deloitte, Appian, and Ignite IT.

As part of the extension, the BigBear.ai team will be charged with migrating the Prototype into the U.S. Army’s cARMY cloud, aligned with the S. Army‘s Cloud Plan 2022.

Lori Mongold, U.S. Army GFIM Capabilities Management Officer, said, “GFIM represents a transformative leap forward in force management capabilities. With its ability to provide near-real-time insights, automate critical functions, and consolidate multiple systems, GFIM is instrumental in enabling Army leadership, from the strategic to tactical level, to make informed decisions, ultimately enhancing our readiness and operational effectiveness.”

About BigBear.ai

BigBear.ai’s mission is to deliver clarity for the world’s most complex decisions. BigBear.ai’s AI-powered, decision intelligence solutions are leveraged in three core markets: global supply chains & logistics, autonomous systems and cybersecurity. BigBear.ai’s customers, which include the US Intelligence Community, Department of Defense, the US Federal Government, as well as complex manufacturing, distribution, and healthcare, all rely on BigBear.ai’s solutions to empower leaders to decide on the best possible scenario by creating order from complex data, identifying blind spots, and building predictive outcomes.

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BigBear.ai Wins $8.5M Contract Extension on US Army Project

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